Local News

Appeal filed over state retirement fund

COLORADO SPRINGS, Colo. - Colorado Springs attorneys have filed an appeal in the city's dispute over whether it owes the state retirement fund millions of dollars in pension liabilities for Memorial Hospital employees.

The lawsuit was filed after a privately hired judge sided with the Colorado Public Employees' Retirement Association in a dispute with Colorado Springs over compensation after 4,000 city hospital employees left the state pension system.
The judge says Colorado Springs should pay the state fund $190 million plus interest because the Memorial Hospital workers left the state retirement plan when the city leased the hospital to University of Colorado Health in 2012.
Retirement fund officials say the decision means the city and hospital cannot shift their obligations to other government agencies and public employees.

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