Colorado proposes employer, employee contribution overhaul

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US - Trustees of the Colorado Public Employees Retirement Association (PERA) have proposed increasing employee and employer contribution rates in order to bring the scheme back up to full funding.

Trustees said the changes, approved at a board meeting Friday, will also decrease cost of living adjustments (COLA) for retirees. According to local reports, PERA is facing a US$27.5bn shortfall...

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