DENVER (AP) -- Retirees in Colorado's state pension plan will start paying a higher price for fixing the troubled system on Jan. 1.
Under a reform plan, retirees who normally receive 3.5 percent cost-of-living increases will instead see increases equal to the rate of inflation or 2 percent, which ever is less, in 2011. After that, annual increases will be capped at 2 percent.
The bill is one of 19 measures that become law on Jan. 1.
Others include a bill that will ensure that women in Colorado won't have to pay higher insurance rates because of their gender, a bill creating a homeowners association information and resource center and a measure increasing the rights of homeowners in foreclosures by investors.
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