The fired head of Colorado’s $60 billion-plus public pension system will receive a year’s salary — more than $400,000 — as severance, under his contract and because of the way his employment was terminated.
Neither the board nor PERA has disclosed why Baker was fired, and Colorado Sun attempts over the past several months to contact Baker have been unsuccessful. Emails, texts and voicemail messages to Baker from The Sun, including for this story, were not returned.
Baker will get $412,108.80 in severance because the board terminated his contract without cause. Had he been fired for cause, he wouldn’t have…
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