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.

KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 131446563 -
Gray Television, Inc.