by Jon Caldara Seeing is believing. So, it’s no wonder many in government prefer to work in the dark. It’s not just that they don’t want us to know what they’re fully doing. They don’t want us to know what we’re fully paying. The reason for this emotional manipulation is clear. If the cost of
Studies showing a pay gap do not account for differences in individual choices about what profession to pursue, or how much to work.
Colorado’s Public Employee Retirement Association, PERA, is the public pension plan for Colorado’s state workers and public school teachers, as well as some local government employees. PERA has five major divisions, State Division, School Division, Denver Public Schools Division, Local Government Division, and Judicial Division. Far and away, the two largest divisions are the State and School Division.
PERA’s largest offering is its Defined Benefit plan, which promises lifetime benefits for retirees, based on age at retirement and years worked. It functions in lieu of Social Security for its active members. The plan is funded by a combination of government contributions and member contributions, which vary from division to division. PERA also offers a smaller Defined Contribution plan.