Ron Baker, the executive director of Colorado’s Public Employees’ Retirement Association, was fired Monday night by the 16-member board overseeing the state’s $60 billion-plus public pension system.
Baker’s firing comes nearly two months after he went on a leave of absence. PERA refused to say why Baker went on leave or to say whether his absence was self-initiated or initiated by the PERA board.
The PERA board convened in downtown Denver on Monday evening for a special meeting to discuss Baker’s employment status. The board immediately voted unanimously to enter a secret executive session, which lasted more than six hours.
When the board emerged from its closed-door session, Vice Chair Suzanne Kubec made a motion to terminate Baker, which was…
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