Randy Baumgardner on Social Security

	Randy Baumgardner on Social Security

Voted NO on increases to public employee retirement benefits

Vote to pass a bill that makes changes to the Public Employee Retirement Association (PERA):

Increases the amortization equalization disbursement (AED) (employer contribution to PERA) for 2013 through 2017 as follows:

For employers in the school division, the payment shall be increased 0.4% of total payroll for 2013 through 2015 and 0.3%

Increases the supplemental amortization equalization disbursement (SAED)--employer contribution to PERA using funds that would otherwise be used to fund compensation adjustments--for 2014 through 2018 by 0.5%

Limits the cost of living increase for retirement benefits to the lesser of 2% or the average of the annual increases in the consumer price index for each month, as calculated by the U.S. Department of Labor. Source: VoteSmart summary: 2014 Colorado Senate voting record , Feb 16, 2010

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