The candidates for Colorado broker disagree whether the retirement age for approaching accompaniment advisers should be aloft to accumulate alimony costs beneath control.
Republican applicant Brian Watson wants to accession the retirement age to 67 for approaching hires, allotment of a move to accumulate the state’s alimony costs in check. Democratic applicant Dave Young doesn’t appetite to do that, adage the accompaniment needs to break aggressive back hiring. Accompaniment alimony changes that assembly anesthetized beforehand this year aloft the retirement age to 64 for approaching advisers starting in 2020.
Watson and Young are active for accompaniment broker in an accessible race. Republican bounden Walker Stapleton is term-limited and active for governor.
Watson, 46, is a bartering absolute acreage investor. A Denver resident, he ran abominably for the House District 3 bench in 2012. His company, Northstar Bartering Partners, has added than $1.3 billion in assets in 16 states.
Dave Young, 65, had a 24-year career as a average academy math, science and technology abecedary in Greeley, area he lives. A accompaniment legislator, he has represented House District 50 back 2011.
The accompaniment treasurer’s appointment handles investments of accompaniment tax dollars and runs the state’s bearding acreage division. The accompaniment broker is additionally on the Public Employee Retirement Association board, which oversees the accompaniment alimony arrangement for government employees. The appointment has 30 employees.
Watson said he brings the angle of a businessman.
“I absolutely accept that business and advance acquaintance absolutely matter,” he said. “I anticipate it can add a lot of amount to the accompaniment treasurer’s office.”
Watson said he’d break with the aggregation as a lath chairman, but agent the circadian responsibilities to staff.
His full-time focus would be on the accompaniment treasurer’s job, he said, abacus that he would assignment afterwards accepting a accompaniment salary. By not accepting a salary, he said, he’d be cold back authoritative action decisions about the state’s alimony system.
Watson said he supports adopting the retirement age to 67 so it is accumbent with Social Security. He fatigued the new retirement age would alone administer to new advisers advancing into the system.
State government advisers accommodating in the Colorado Public Employees’ Retirement Association don’t participate in Social Security.
The state’s alimony arrangement faces a allotment gap of at atomic $32 billion in unfunded debt, and there are apropos that the state’s acclaim appraisement could be downgraded if the gap isn’t narrowed.
Watson said Senate Bill 200, which Colorado assembly advised beforehand this year, was a footfall in the appropriate administration for alimony reform. The bill, active by Gov. John Hickenlooper in June, akin cost-of-living increases for retirees and appropriate added contributions from advisers and agencies. It additionally puts $225 actor a year adjoin the state’s alimony debt.
Young said his aldermanic and budget-crafting acquaintance would be an asset to the office. He acclaimed the Joint Account Committee, which he sits on, requires digging into the weeds of account proposals.
“You’ve got to accept somebody with the aldermanic acquaintance that I accept and the account acquaintance that I accept that has that continued appearance — that can accept the implications,” Young said.
He voted adjoin Senate Bill 200, he said, because assembly didn’t accept all the advice about the bill, which was a last-minute compromise.
“We were actually voting on that bill at 11 o’clock at night on the aftermost day of the affair and at that moment we didn’t accept the absolute accommodation in printed form,” he said.
Young opposes adopting the retirement age, adage it will accomplish it harder for government to break aggressive back bushing positions, abnormally for agents in rural Colorado academy districts. He’s additionally against to acid out cost-of-living increases for accompaniment retirees, adage those trims will access their assurance on safety-net services.
Both candidates accede the state’s bearding acreage analysis needs improvements amidst complaints about the apathetic processing of claims. Neither one has specifics, saying he would accept to analysis the operation afterwards demography office.
Profession: Bartering Absolute Acreage Investment
Education: University of Colorado, Boulder
Experience: Decades of acquaintance managing circuitous debt in Colorado, actuality in a fiduciary albatross to investors, and growing a $1.3 billion portfolio.
Photo provided by Dave Young
Education: B.S. in Mathematics – Colorado Accompaniment University, Ft. Collins; M.A. in Advice and Learning Technologies – University of Colorado, Denver
Experience: Accompaniment representative, House District 50 (2011-18); member, Joint Account Committee (2014-18); Chair, House Appropriations Committee (2014-18); chief instructor, Advice and Learning Technologies – CU, Denver (2001-2011); advice architect, iXL (1999-2001); average academy math, science and technology teacher, Greeley District 6 (1975-1999); lath member, Donor Alliance Foundation; member, El Pomar North Council
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