LCPR Executive Director publishes in The NAPPA Report, for October, 2017: Public Pension Plan Reforms and IRS Pick-Up Requirements
The federal law requirements that allow mandatory employee contributions to public pension plans may limit the alternatives available for increasing contributions and reforming pension benefits to reduce liabilities.
Ms. Lenczewski describes the requirements and their impact on reforms and suggests solutions.
Assessing the health of Minnesota's Pension Plans (Capitol Report)
The current chair of the LCPR, Senator Julie Rosen, R-Vernon Center, and a former chair, Senator Sandra Pappas, DFL-St. Paul, join Capitol Report moderator Shannon Loehrke to discuss the health of the state's pension plans, which provide pensions to state, county, municipal, school district, and other public employees.
Moody's affirms credit rating for Minneapolis and revises outlook to negative due to "outsized and growing unfunded pension liabilities".
New York, November 13, 2017 -- Summary Rating Rationale
Moody's Investors Service affirms Minneapolis, MN's Aa1 general obligation unlimited tax (GOULT) rating. The
city has $679 million of outstanding general obligation (GO) debt. The outlook has been revised to negative.
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New Math Deals Minnesota’s Pensions the Biggest Hit in the U.S. (Bloomberg)