by Amy Slothower and Lang Sias

As the legislative session heads to a close, lawmakers confront a bit of a high-class problem; how to allocate substantial surplus federal and state funds.

As we advocated a year ago, leaders would be wise to use those funds to shore up the state’s pension fund, PERA. PERA has an unfunded liability of more than $30 billion, meaning it has promised to payout $30 billion more in benefits than it has in assets.

HB22-1029, which proposes to make a substantial payment to PERA, is good policy.

Read more here…