.....Advertisement.....
.....Advertisement.....

Communities may suffer in wake of pension reforms

-A A +A
By Merilee Dannemann

PERA’s fund is doing well.
That’s very good news for you if you are one of the thousands of former state or local government employees who rely on PERA (Public Employees Retirement Association) for all or part of your retirement income. (Disclosure: That includes me.)
PERA’s assets have almost doubled since the stock market cratered at the end of 2008. The fund now has close to $14 billion, with current earnings at roughly 17 percent. The “unfunded liability” — the projection of how much money will be owed over time compared to what’s available — is still worrisome but going down. This was accomplished in part by legislation in 2013 in which PERA-covered employees and retirees accepted a package of benefit reductions.
If you’re not covered by a secure pension, you could ask how any of this benefits you or why you should have the slightest interest in the solvency of these programs. It’s a common question.
Here’s my answer: First, public service work is valuable work, and community’s benefit when people who have expertise in their jobs keep working at them. Second, the whole community benefits when some of its members have stable, secure retirement income.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

Special Offer

You have used all your free page views for the month however if you wish to create a FREE limited access account you will be able to view a additional 3 pages per month.




You can also purchase a subscription and have full access to the site. To purchase a subscription simply enter your zipcode below

ZIP Code:

Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday