As Treasurer, I have led the charge in reforming our Public Employees’ Retirement Association (PERA), which has surpassed $30 billion in unfunded liabilities. Years of unrealistic investment return projections, and a board filled with 11 of 15 members economically incentivized to uphold the status quo, have caused this liability to grow extensively year-over-year.
Attempts at reform have been blocked by politicians on both sides of the aisle. Over the past seven years of working on this issue, I have learned that it’s not a Democrat or Republican issue – it is an issue of the “haves” versus the “have-nots.”
This type of reckless behavior with taxpayer dollars is far too common in politics, and I am running for Governor to put an end to the special interest wants overriding taxpayers’ needs. Our PERA obligations are just one of many examples of government mismanagement and neglecting the taxpayer. I will bring the same persistence in fighting for economic reform to the Governor’s office as I have shown as Treasurer.
As Governor, I will continue to fight for fiscal restraint and rational conservative reforms that will ensure individual liberty and economic freedom for all Coloradans.