Colorado saving millions in pension program

By: Associated Press Email
By: Associated Press Email

Denver (AP) -- Colorado is saving millions of dollars since
lawmakers changed the rules for a pension program a year ago. A
loophole allowed immigrants to immediately enroll in the state's
old age pension after joining relatives in Colorado. A 2010 law
imposed a five-year residency requirement. The Denver Post reports
that Colorado spent $77 million on monthly cash benefits under the
program in the fiscal year that ended in June, down 13 percent from
the year before.

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