PERA On The Issues: Where Insight Meets Innovation

May 5, 2015

In recent months, news outlets have poured out a steady stream of articles related to retirement savings, public pensions, and retirement security -- or the lack thereof -- for Americans. Fear and concern is often the byproduct of such reporting.

While some of these articles are helpful in painting a picture of the current retirement landscape, sometimes the information isn't put into context or the full story isn't shared.

Enter PERA's new blog: PERA On the Issues.

This is where you'll find our take on everything retirement, pension, and PERA-related. Check out a few of the articles you can find there:

Importance of Public Sector Defined Benefit Plans
"One of the major findings was, 'Research shows that pensions help recruit and retain high-quality workers; thus, cutbacks in public pensions could hurt worker quality.'”

Just the Facts: Important Features of Colorado's Largest Retirement Plan
"A common misconception is that at least five years of time in PERA is required before a public worker earns eligibility for a monthly retirement benefit. That is not the case."

Conversations About Colorado's Public Employee Retirement System Should Include PERA Input and Be Fact-Based
"The “potential solutions for Colorado” outlined in the CPP white paper come with significant increased costs while not appearing to materially enhance retirement security nor meaningfully improve Colorado’s ability to attract and retain a talented public workforce."

The Importance of Understanding Investment Fees
"Assume that an employee with 35 years until retirement and a current 401(k) account balance of $25,000 could average investment returns of 7 percent. Fees and expenses would then reduce those average returns by 0.5 percent, leaving the employee with an account balance equal to $227,000 even with no further contributions to the account. However, if the fees and expenses were 1.5 percent, the account balance would only grow to $163,000 by retirement." 

Colorado PERA Launches Roth Option for PERAPlus 401(k) and 457 Plan Participants
"Named for their congressional sponsor, former Delaware Senator William Roth, these are tax-paid retirement savings accounts, meaning that contributions, whether to a Roth IRA or retirement plan account, have already been taxed as regular income." 

Proposed Federal Legislation Could Eliminate Windfall Elimination Provision
"The Windfall Elimination Provision (WEP), a federal reduction to an earned Social Security benefit, can affect retirees who receive a retirement benefit from an employer who did not withhold Social Security taxes. This includes many government agencies and public employers, such as those covered by PERA, and even employers in other countries."

PERA Works With Elected Officials to Ensure Special Needs Are Met
"When John and Cyndy Burd were ready to retire, they wanted to feel secure knowing that their adult disabled son, Joshua, would have the financial support he needed to be taken care of when they died."

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