text: Yeah, I hear you George. However, next year will be the second big ratchet down on retiree post-retirement benefits such as COLA, or a lost of about two thirds of what they expected after retirement. I suspect there will be a third ratchet applied in 3-5 years that will eliminate the remainder, especially after the next economic downturn. A few retirees will whine a bit, but that's about all. The Colorado Supreme Court ruled in 2015 that post-retirement benefits are, for all practical purposes, gratuities.  Of course, a retiree's base benefit in nominal dollars has constitutional protection, so a claw back will be more difficult on their base benefit, but is possible.
  PERA members should become aware of their vulnerable position, and that their pension is in essence subject to legislative spending priorities, public sentiment, and the Governor's executive power (veto) ... so even if the legislature were to vote unanimously on a solution, the governor could veto.