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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!

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Denton (Denny) Newman Jr.
I've worked at the Brainerd Dispatch with various duties since Dec. 7, 1983. Starting off as an Ad Designer and currently Director of Audience Development. The Dispatch has been an interesting and challenging place to work. I'm fortunate to have made many friends, both co-workers and customers.
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