Most Colorado educators are generally aware of the formula that calculates their PERA pension benefit: Years of Service Credit x 2.5% x Highest Average Salary (HAS) They also are generally aware of which HAS Table they use so they know when they qualify for a "full" retirement (non-green-shaded areas of your HAS Table). If you … Continue reading Colorado PERA Retirement Options 1, 2 and 3
I was recently interviewed on the Teach and Retire Rich Podcast (also available here). It’s…not horrible (although I do sound like I’m yelling). My books that are mentioned (and resources) If you want to help co-author another state.
The PERA Board voted, pending final contract negotiations, to switch record keepers for the Defined Contribution plans (which includes the 401k/457b plans) from Voya to Empower. Voya came in second place in the RFP process, and it would've been "fine" to continue with them, but staff, the consultant, and the Board all thought Empower would … Continue reading PERA Votes to Switch from Voya to Empower