Comment of the Day

Reader: Anyone Who Can Add and Multiply Knows PERA Isn't and Can't Be Sustainable

Reader: Anyone Who Can Add and Multiply Knows PERA Isn't and Can't Be Sustainable
Heather Fairchild
One of the most important — and controversial — bills to come out of the 2018 session will reform PERA, the Public Employees Retirement Association, which supports public-sector retirees in Colorado. As David Sirota has pointed out in a series of articles for Westword, PERA is fraught with problems, including large payouts to Wall Street.

Readers have their own take on the system. Says Chris:
Anyone that can add and multiply knows PERA isn't and can't be sustainable.
Michael explains:
Maybe it would be if the legislature had funded it as it was supposed to, and much of the money wasn't going to hedge funds. 
Chris asks:
So all of us are supposed to contribute to YOUR retirement? Even fully funded it will still collapse under the weight of future retirees.
Dustin argues:
I don't mind paying public servants to retire. That's how countries work.
And Kyle concludes:
Good. Get a real job and save for your retirement don't suck on the teat of the taxpayer your whole life.

Keep reading for links to Sirota's stories about PERA.
KEEP WESTWORD FREE... Since we started Westword, it has been defined as the free, independent voice of Denver, and we'd like to keep it that way. With local media under siege, it's more important than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" program, allowing us to keep offering readers access to our incisive coverage of local news, food and culture with no paywalls.