Questioning the Denver Post’s account of DPS pension issue
Note: The following piece comes from John MacPherson, a former interim executive director of the DPS Retirement System. The topic in question is a complex financial deal DPS made back in 2008 that has posed considerable risk to the pension system and the district’s budget. Though there has been much talk, especially last summer, of opposition to the deal being politically motivated, MacPherson opposed the deal from the outset, and e-mail evidence shows that Board Member Jeannie Kaplan expressed concern about it well before it could have been considered a political issue.
It has been difficult to get a straightforward accounting of just what the deal will mean for the district, as well as how much money has either been saved or lost as a result. Given looming budget cuts and the cost of restructuring the deal, there is a lot of worry over what it will me
