As retiree pensions shrank, Colorado PERA paid its staff millions of dollars in bonuses [View all]

Nearly half of PERA’s investment staff doubled their salaries through incentives, a Colorado Sun analysis found
https://coloradosun.com/2026/06/08/colorado-pera-staff-bonuses-shrinking-pension-fund-analysis/

"In 2022, the Colorado state pension fund had its worst year since the Great Recession, losing $9.8 billion.

The losses were so large, they set the Colorado Public Employees’ Retirement Association’s finances back for years, digging a hole that the pension is only now starting to climb out of.

But in the aftermath, PERA’s investment managers took home some of their largest bonuses ever.

On average, PERA’s investment staff more than doubled their take-home pay, earning bonuses of $299,000 — the equivalent of tacking an extra 124% onto their salaries."