DENVER (AP) — Colorado’s public employee pension fund netted a 7.3 percent return on its investments last year, according to its annual report.
But while the Public Employees’ Retirement Association earned $3 billion in 2016, its unfunded liabilities grew to more than $32 billion.READ MORE: Boulder, Fox And Aggie Theaters Ask For Proof Of COVID Vaccine Or Negative COVID Test
The Denver Post reports Saturday that those obligations are up 20 percent after PERA lowered investment return expectations in November.READ MORE: Debris Flow Onto I-70 Was So Powerful, It Diverted The Flow Of The Colorado River
Lawmakers are expected to examine the fund’s growing liabilities in next year’s legislative session.
PERA provides retirement benefits to 568,000 current and former public employees.MORE NEWS: Woman Dies After Fall From Via Ferrata In Telluride
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