No bonding deal for PERA, bill dies in Colorado Senate finance committee

A bill that supporters say would have reduced the $23 billion unfunded liability of the state's Public Employees Retirement Association by issuing pension obligation bonds died Tuesday morning in the Senate Finance Committee. It was called the Securing Contributions for Retirement Earnings (SCORE) Act and supporters -- who included the Governor's Office, the Treasurer's Office and the Colorado Coalition for Retirement Security -- said it could have saved $4.5 billion over time. Under the proposal,…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news