Legislative Commission on Pensions and Retirement
Legislative Commission on Pensions and Retirement

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LCPR Updates


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.

Senator Julie Rosen

Interview with Senator Julie Rosen.
Watch video (YouTube)

Senator Sandra Pappas

Interview with Senator Sandra Pappas.
Watch video (YouTube)

 

Minnesota News


Moody's affirms credit rating for Minneapolis and revises outlook to negative due to "outsized and growing unfunded pension liabilities".

-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. Read full article...

Minnesota's systems seek legislative action on proposed reforms (MSRS/PERA/TRA, StarTribune)

-The complexity of the systems makes it easy to underestimate their value and for opponents to use data selectively. Read full article...

Minnesota's public-pension system is in crisis (K. Crockett, StarTribune)

-State's system is losing ground fast, relative to others. Here's why. Read full article...

How healthy are Minnesota's pensions? Depends on where you look (Pioneer Press)

-Minnesota's pension plans have long had a reputation as safe and solid, Read full article...

Minnesota looking at moving to strategic asset allocation, returns 15.1% in fiscal year (P&I)

-Minnesota State Board of Investment is considering restructuring its approximately $65 billion retirement investment portfolio into more strategically oriented categories.
 Read full article...

 

National News


States face costly future if their citizens fail to save enough for retirement (NCSL)

-Most Americans are not saving enough for retirement. The problem is especially severe among small-business employees, low-income workers and communities of color. On the brink of a national retirement security crisis, state lawmakers are stepping into the breach with a spectrum of innovative solutions. Read full article...

Legislative Commission on Pensions and Retirement  ·  55 State Office Building, St. Paul, MN 55155   ·  lcpr@lcpr.leg.mn