Price tag for trustees' trips to conferences was $350,000 over five years

The Colorado Public Employees' Retirement Association needs an education on how to invest the government workers' retirement money.The Rocky Mountain News reports the board:

spent more than $350,000 from 2000 through 2004 on educational conferences and programs. Most were held at luxury hotels in places such as Jackson Hole, Wyo.; Honolulu; and West Palm Beach, Fla. Board members made trips to Madrid, Spain; Paris; and Dublin. They made three visits to China.

The trips, paid for as part of the board's educational budget, are intended to help board members learn how best to invest the billions of dollars that Colorado state workers, many municipal and school employees, and their employers give to PERA to fund the employees' retirements in lieu of Social Security.

Their lavish lifestyle is your tax increase.