IP-9-2009 (August 2009)
Author: Barry Poulson

PDF of full Issue Paper
Sribd version of full Issue Paper

Executive Summary:
The Public Employees Retirement System (PERA) in Colorado is experiencing a funding crisis. The recent collapse of financial markets has resulted in a significant decrease in the value of the PERA portfolio. But the funding crisis in PERA is not just the result of problems in financial markets.