State of Colorado Archives: on Social Security


John Hickenlooper: Update constitutional barriers in state's retirement program

We can make state government more effective and realize cost savings by bringing the state's antiquated personnel system into the 21st century. The state Constitution is riddled with personnel rules and administrative procedures that are obsolete and should be reformed. We are working with state employees on a package of reforms. We are not immediately seeking legislative changes to the state's retirement program; we are mindful of the obligation to ensure that PERA is both stable and sustainable.
Source: Colorado 2012 State of the State Address Jan 12, 2012

Ken Buck: Give younger workers option to invest in separate retirement

Bennet accused Buck of changing his positions on Social Security and other issues, depending on the audience. Buck denied it, calling that a deliberate distortion. "It's OK to change your mind," Bennet shot back. "But it's important to say the same thing in the red parts of the state as well as the blue parts."

Buck charged that Bennet's television ads were dishonest, taking snippets of Buck's comments to portray him as wanting to privatize Social Security. Buck said he supported redesigning Social Security so that younger workers in the future would have the option of investing in separate retirement accounts. No one paying into the system would lose benefits, he insisted. "I've never said we should privatize Social Security," he told Bennet, who made that accusation against Buck in television ads. "You in your commercials take little clips out of context," Buck answered to cheers from his ranks.

Source: Pueblo Chieftan coverage of 2010 Colorado Senate Debate Oct 8, 2010

Amy Stephens: Voted NO on increases to public employee retirement benefits

Vote to pass a bill that makes changes to the Public Employee Retirement Association (PERA):
  • Increases the amortization equalization disbursement (AED) (employer contribution to PERA) for 2013 through 2017 as follows:
  • For employers in the school division, the payment shall be increased 0.4% of total payroll for 2013 through 2015 and 0.3%
  • Increases the supplemental amortization equalization disbursement (SAED)--employer contribution to PERA using funds that would otherwise be used to fund compensation adjustments--for 2014 through 2018 by 0.5%
  • Limits the cost of living increase for retirement benefits to the lesser of 2% or the average of the annual increases in the consumer price index for each month, as calculated by the U.S. Department of Labor.
    Source: VoteSmart summary: 2014 Colorado Senate legislative session Feb 16, 2010

    Randy Baumgardner: Voted NO on increases to public employee retirement benefits

    Vote to pass a bill that makes changes to the Public Employee Retirement Association (PERA):
  • Increases the amortization equalization disbursement (AED) (employer contribution to PERA) for 2013 through 2017 as follows:
  • For employers in the school division, the payment shall be increased 0.4% of total payroll for 2013 through 2015 and 0.3%
  • Increases the supplemental amortization equalization disbursement (SAED)--employer contribution to PERA using funds that would otherwise be used to fund compensation adjustments--for 2014 through 2018 by 0.5%
  • Limits the cost of living increase for retirement benefits to the lesser of 2% or the average of the annual increases in the consumer price index for each month, as calculated by the U.S. Department of Labor.
    Source: VoteSmart summary: 2014 Colorado Senate legislative session Feb 16, 2010

    Michael Bennet: Preserve the integrity of entitlement programs

    We need to take a serious look at reforming our entitlement programs. Social Security is our most successful retirement program and it provides the only path to a secure retirement for millions of Americans. Similarly, Medicare is the only way to get quality health care for many Americans. We must find a way to preserve the integrity of these programs while reducing the increasingly large impact they have on the overall federal budget.
    Source: 2010 Senate campaign website, bennetforcolorado.com "Issues" Jul 2, 2009

    Michael Bennet: Strongly opposes privatizing or reducing benefits

    I am working hard in Congress to preserve the long-term survival of Social Security, so that is remains solvent decades from now.

    I strongly oppose privatizing Social Security or reducing Social Security benefits. We can work together to confront Social Security's solvency challenge without taking these drastic, ill-conceived measures. A component for guaranteeing the long-term viability of Social Security is to get our nation's fiscal house in order, without raiding Social Security to do it.

    Source: 2010 Senate campaign website, bennetforcolorado.com "Issues" Jul 2, 2009

    Ken Salazar: Opposes privatization and individual investment accounts

    Ensuring the stability of Social Security pensions is more important now than ever. Just as many Americans have lost all or part of their retirement savings because of corporate fraud & precipitous drops in the stock market, privatization proposals would subject Social Security-the only retirement safety net-to stock market volatility. For too many Americans, privatization will change Social Security from a safety net into a roulette wheel. I will fight against proposals to privatize Social Security. As Colorado Attorney General, I am familiar with the many kinds of investment fraud schemes that particularly target our elderly. I would, therefore, be very wary of “individual investment accounts.”

    More than half of Americans over 65 years old would live in poverty if Social Security disappeared. I will push for a return to fiscal responsibility and balanced budgets to maintain a foundation for economic growth, and I will press to make the preservation of Social Security a national priority.

    Source: 2004 Senate campaign website, SalazarForColorado.com Aug 11, 2004

    • The above quotations are from State of Colorado Politicians: Archives.
    • Click here for definitions & background information on Social Security.
    • Click here for other issues (main summary page).
    2016 Presidential contenders on Social Security:
      Republicans:
    Amb.John Bolton(MD)
    Gov.Jeb Bush(FL)
    Dr.Ben Carson(MD)
    Gov.Chris Christie(NJ)
    Sen.Ted Cruz(TX)
    Gov.Mike Huckabee(AR)
    Gov.Jon Huntsman(UT)
    Gov.Bobby Jindal(LA)
    Rep.Peter King(NY)
    Gov.Sarah Palin(AK)
    Sen.Rand Paul(KY)
    Gov.Rick Perry(TX)
    Sen.Rob Portman(OH)
    Secy.Condi Rice(CA)
    Sen.Marco Rubio(FL)
    Rep.Paul Ryan(WI)
    Sen.Rick Santorum(PA)
    Democrats:
    Secy.Hillary Clinton(NY)
    V.P.Joe Biden(DE)
    Gov.Andrew Cuomo(NY)
    Mayor Rahm Emanuel(IL)
    Gov.Martin O`Malley(MD)
    Sen.Bernie Sanders(VT)
    Gov.Brian Schweitzer(MT)
    Sen.Jim Webb(VA)

    2016 Third Party Candidates:
    Mayor Michael Bloomberg(I-NYC)
    Gov.Gary Johnson(L-NM)
    Donald Trump(NY)
    Gov.Jesse Ventura(I-MN)
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    Page last updated: Sep 08, 2014