Pension bill in limbo as legislative session progresses
By Jessie Van Berkel
Teachers, firefighters and other public employees who plan to retire have a stake in a political showdown at the State Capitol.
Minnesota's public employee pension funds have been strained as baby boomers retire and people live longer and would eventually run out of money to support retirees without changes to how they're funded. Read full article...
Minnesota House should act on clean pension bill (Star Tribune editorial)
Keep partisan poison pills away from a needed funding boost.
...a robust bill to prop up Minnesota’s listing pension funds for public employees — including teachers and state and local government workers — won 66-0 approval in the state Senate. That bill now heads to the House, which ought to give it prompt no-nonsense attention. Why such enthusiasm for a pension bill? Reasons abound: Read full article...
Senate moves to fix Minnesota pension plans
By DON DAVIS
Many Minnesota government pension plans are paying out more than they are taking in. State Sen. Julie Rosen, R-Vernon Center, says that is troubling. Her colleagues agreed Monday when they unanimously approved her bill that increases funding going into the pension plans and slightly cuts some benefits.. Read full article...