I am a state employee with 20 years in the PERA system. I have invested everything into my PERA retirement. The state has already required us to contribute an additional 4.5 percent of our pay into the fund. My take home pay decreased last year when I was forced to take furlough days. I haven't received any cost of living raises for 3 years and I won't see another one for at least 2 more. But gas keeps going up as well as food. Retention of new employees is going badly. Young people do not see a future in teaching or in state employment. Therefore the quality of new hires has gone steadily downward. You pay for what you get. Now the state can't pay us the public should be happy. But, Oh yeah the public still wants the services. You know keeping the kids educated, the convicts incaercated and their streets in good repair. These jobs are now deadend jobs with no future. You won't have to worry about PERA being fully funded and having all these retirees to support. No one will be sticking around that long.
All content © Copyright 2017, The Colorado Springs Independent
Website powered by Foundation