Dwindling assets, expanded benefits create funding gap

The Rocky Mountain News reports on Colorado's pensions:

It would be one of the most significant expansions of pension benefits in the history of Colorado's Public Employees' Retirement Association.

Legislators were asked to consider a bill that would raise payments to full benefit recipients by 15 percent. For example, a 30-year employee making $50,000 a year would get $37,500 a year in retirement, rather than $32,500.

I'll bet you can't get that in the private sector making those wages.