Tag: public employees retirement association
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Proposal outlines $300M deal separating Pinnacol from Colorado state government
Colorado lawmakers are weighing a proposal that would allow Pinnacol Assurance to sever its remaining ties to the state in exchange for a $300 million payment, a long‑debated shift that supporters say could stabilize the insurer’s future and help plug a looming budget shortfall. A draft of the bill obtained by Colorado Politics spells out…
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Colorado business coalition moves Pinnacol privatization fight from Capitol to voters
The future of Pinnacol Assurance is moving away from the governor’s office and the legislature, with a new ballot initiative aiming to privatize the insurer and use the proceeds to expand job training across Colorado. Colorado Succeeds, a coalition of business leaders focused on education, is pursuing a ballot measure to allow Pinnacol, the quasi-government…
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PERA to Pinnacol: $302 million, please
The Public Employees’ Retirement Association has come up with a number for Pinnacol Assurance, the state’s largest workers’ compensation insurer of last resort, to buy out its employees and retirees’ share of PERA’s pension. Pinnacol, with the support of Gov. Jared Polis, is hoping to privatize, a deal that would bring $400 million into state…
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In Colorado rally, Haley says GOP can reverse setback only by breaking from Trump; Johnston unveils 2024 priorities | WHAT YOU NEED TO KNOW
Today is Feb. 28, 2024, and here’s what you need to know: Former South Carolina Gov. Nikki Haley said Tuesday at a campaign rally in Colorado that Republicans can only reverse the setbacks the party has suffered in the state by breaking Donald Trump’s grip on the GOP. Three days after losing her home state…
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Colorado lawmakers vote to give themselves a pay raise beginning in 2025
Colorado House Democrats on Thursday voted to boost the pay of General Assembly lawmakers beginning in the 2025-26 fiscal year, with those living in the Denver metro area getting substantially more in actual dollars and rate increase than policymakers who reside outside. The cost to taxpayers for the higher per diems is just shy of…