The pension fund for Colorado’s state employees is running short of money.  2 reasons are consistent underfunding by the legislature and below average returns on pension fund investments.  But investigative reporter David Sirota tells us, “reforming” the fund involves penalizing retirees and protecting lawmakers and money managers.  Pensioners will see cost of living adjustments cut and contributions raised, while money managers get to keep their veil of secrecy from public evaluation of their work.