Minnesota public employee pension plans underfunded by $16.7 billion
Minnesota’s retired employees are paid about $3.8 billion a year in retirement benefits. Alarms went off last week when it was learned that pension plans for the state are underfunded by a whopping $16.7 billion. That’s $4 billion more than when the state’s lawmakers set out in 2010 to remedy the shortfall.
Are you a newspaper subscriber but you don't have a Digital Access account yet? Activate your account.
You will need your subscription account number and phone number. Not sure if you have an account? Call 218-855-5897 and we can help you.