The Colorado Public Employee’s Retirement Association wants to know how oil companies are preparing for climate change.
Last year, the legislature commissioned a study to see what it would cost to make a range of major changes to PERA and how those changes might impact both retiree benefits and the fund’s long-term solvency.
If the plan had worked out, it might have meant a huge windfall for state finances. But opponents worried Colorado could have been locked into a bad deal.
The district is seeking a $23 million a year reduction in its contribution to PERA.
The proposal would sell billions of dollars worth of bonds with the goal of shoring up the state’s pension fund.