Colorado PERA benefits in peril

[NOW tense]

Public employee retirement system can pay only half of obligations, report says
By Tim Hoover
The Denver Post

Following the loss of more than $10 billion last year, Colorado's largest public employee retirement system now can meet only 51.8 percent of its obligations to retirees, a development that could mean higher deductions from government workers' paychecks and greater taxpayer subsidies.

http://www.denverpost.com/ci_12830452

[galileoreloaded]

1. Public pensions are underfunded to the tune of $1.3 trillion RIGHT NOW.

Can anyone say "means testing"??


edit: sp (how do you screw up TWO sentences???)