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COLORADO ATTORNEY GENERAL PRAISES COLORADO SUPREME COURT’S UNAMIMOUS PERA RULING

DENVER—The Colorado Supreme Court today issued its opinion in the case Justus v. State. At issue was whether the Colorado Legislature could alter the cost-of-living (COLA) formula for PERA retirees. The Court reversed the Appellate Court’s finding and ruled that the legislature’s 2010 modification to the COLA formula was constitutional. The Colorado Attorney General’s Office represented The State of Colorado and Governor John Hickenlooper in this matter.
 
In response to the Colorado Supreme Court Ruling, Attorney General John Suthers issued the following comment:
 
“We are pleased that the Supreme Court agreed with us that the legislature can make changes to PERA when economic conditions warrant. The law in question was an important part of ensuring that PERA remains there for state retirees long into the future. As we argued to the Court, upholding the law helps protect both current and future retirees, and the state’s taxpayers.”
 
 
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