The makeup of the board of directors of Colorado’s troubled PERA (public employees’ retirement association) needs to be changed and the organization needs to fully disclose its profits, losses and holdings, according to J.J. Ament, a Republican candidate for state Treasurer. If Ament is elected Colorado’s Treasurer, that also will give him a seat on the 16-person board of directors of PERA.

“You have to change the system,” Ament said in an interview, adding,