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. Lawmakers back in 2010 were charged with “fixing” a then $12.7 billion deficit in the pension programs. Oops!
Are you a newspaper subscriber but you don't have a Digital Access account yet? https://secure.forumcomm.com/?publisher_ID=40&event=subscriber/lookup.
You will need your subscription account number and phone number. Not sure if you have an account? Email us at firstname.lastname@example.org and we can help you.