Public Employees' Retirement Ass'n v. Stermole

Opinion by

Judge PIERCE.

Defendants, Public Employees’ Retirement Association (PERA) and the Board of Trustees of the Public Employees’ Retirement Association (Board), appeal from a judgment entered in the district court in favor of plaintiff, Franklin J. Stermole, reversing a final order of the Board. We reverse and remand.

Stermole was a professor at the Colorado School of Mines (School) from 1963 through 1990, teaching, among other topics, mineral economics. At the beginning of each year, Stermole entered into a salary contract with the School.

From 1970 until his retirement, he also taught…