Bonuses While Pensions Suffer

Colorado’s PERA pension fund took a $10 billion hit in 2022, yet its investment managers cashed in with record bonuses—some tripling their pay—fueling outrage as public workers face benefit cuts, rising contributions, and eroding pensions. While officials defend the pay as essential to attract top talent and argue their in-house strategy delivers top-tier returns, critics call it obscene, especially as bonus funds surge and public services shrink. The core dispute? Bonuses are tied to internal benchmarks, not overall performance, leaving many questioning whether the system truly serves retirees or just the executives. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/61d94005096ec745