Why Colorado Should Shift to a Defined Contribution Retiree Health Plan

September 28th, 2010 by admin Categories: Opinion Editorials, PERA, colorado, health, liability, plan, retirement, tax, taxpayer, unfunded No Responses

By Barry W. Poulson, Ph.D.
Colorado taxpayers are on the hook for more than $1 billion in unfunded liabilities incurred in the defined benefit retiree health plan administered by the Public Employee Retirement Association (PERA). An additional $79 million in unfunded liabilities was incurred in 2008, reflecting both a rapid growth in retiree benefits and losses [...]