BUSINESSCOLORADO SUN
As retiree pensions shrank, Colorado PERA paid its staff millions of dollars in bonuses
In 2022, Colorado's PERA pension fund lost $9.8 billion, worsening its financial struggles, but its investment staff received large bonuses averaging $299,000. PERA officials defended the bonuses as necessary to retain talent and ensure strong investment returns, while critics highlighted the disparity between staff compensation and retirees' reduced benefits.
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