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PERA lost $1.8 billion in 2018; now, state workers and retirees are on the hook
DENVER -- PERA did not have a good 2018 on Wall Street. The Public Employees Retirement Association announced a $1.8 billion loss due to a tumultuous close in 2018. As a result, the state employee pension fund, which features retirement plans for more than 600,000 Coloradans, announced current state workers and current retirees will have to contribute more or sacrifice benefits to make up the difference.