This is not a self-correcting problem. PERA needs to be put on a long-term program toward solvency.

We're heading for a very sensitive time in these negotiations and I believe it is imperative that this is resolved quickly.

It's worse than I thought going in. The state of Colorado has a moral, if not legal, obligation to bail this thing out, and this problem is not going to fix itself. (PERA) is absolutely in denial over the future burden they're building in for future taxpayers.