Attorney General calls court decision ‘a step toward long-term solvency’ for state pension system

DENVER — Colorado Attorney General John Suthers heralded a decision today from Denver District Court Judge Robert S. Hyatt as a significant step toward long-term solvency for Colorado’s Public Employees’ Retirement Association retirement fund. The decision upholds Senate Bill 1 of the 2010 legislative session, which placed a cap on cost-of-living increases for current and future retirees.

“This ruling will help place the PERA retirement fund on a sounder fiscal footing,” Suthers said. “More than 441,000 public employees are counting on the pension’s financial integrity. This ruling represents a step toward long-term solvency for the PERA retirement fund.”

 

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