by Joshua Sharf | 8:18 pm, December 9, 2012
In the previous post, I mentioned that PERA, in retaining its 8% expected rate of return, was persisting in an unwarranted optimism, one that is likely to end up costing the citizens of Colorado billions of dollars down the line. Part of the evidence was that other municipal pension plans around the nation have recently [...]
by Joshua Sharf | 8:00 am, December 7, 2012
PERA’s Board recently voted to retain its wildly optimistic expected rate of return of 8% over the next 30 years. The decision has the effect of reducing the unfunded liability twice – once through higher returns, and again because they mistakenly use the rate of return as the discount rate. Remarkably, PERA’s board made that [...]
by Joshua Sharf | 2:47 pm, June 26, 2012
As PERA prepares to release its 2011 Comprehensive Annual Financial Report, keep an eye on 2011′s returns. Treasurer Walker Stapleton understatedly calls 2001′s anemic 1.8% return, a “serious warning sign.” I’d call it a big, red, flashing LED billboard. “What’s the big deal? It’s only one year,” I hear you cry. Well, it turns out [...]
by Joshua Sharf | 11:53 am, May 23, 2011
In yesterday’s Denver Post, PERA’s Chief Investment Officer, Jennifer Paquetteis, responded to an op-ed by investment professional Blaine Rollins (“Hope Is Not An Investment Strategy“) that detailed the risk that PERA has taken on: PERA has instead relied on solid investment strategies created under the direction of the board of trustees with the help of [...]
- PPC Training for Activists
UPDATE: Something apparently got messed up with the PayPal buttons during this past weekend’s database glitch – fixed now. Yes, it’s that time again — PPC will be conducting training classes for center-right activists on Saturday, April 20 and Saturday, April 27, at Independence Institute in Denver. The tentative class schedule is as follows: Saturday, [...]
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