Getting your player ready...
Denver Public Schools on Thursday announced it had completed a financial deal to fully fund its pension plan — giving the district about $20 million a year for schools.
The district issued $750 million of short-term notes and entered into a simultaneous swap transaction that ensures DPS interest costs stay fixed at just under 5.5 percent. A fully funded pension means DPS could be more attractive for a merger into the state’s pension plan. Denver currently is the only district with its own pension plan. On Thursday, district officials were scheduled to speak before the House education committee about a merger with the Public Employees Retirement Association. A bill was introduced Monday that allows talks about a possible merger.
