advocating for Minneapolis teachers' pension security
With your support, the Committee of 13 advocates for our defined benefit pensions. We work to make sure that you have the facts about your MPS/TRA defined benefit pension. We also make sure that the legislators who serve on Minnesota's Legislative Commission on Pensions and Retirement have up-to-date information on MPS/TRA pensions.
We provide facts that counter the biased information distributed by groups
seeking to undermine our retirement security. You'll find up-to-date news from the Legislative Commission on Pensions and Retirement, the Minnesota Legislature and Congress on this page and in our latest newsletter. Come back often. Follow us onFacebook, Twitter,andGoogle Plus--and check out our blog, too
PENSIONS IN THE NEWS
DEC. 5, 2014 -LAMEDUCK CONGRESS MAY VOTE TO ALLOW PENSIONS TO CUT CURRENT RETIREES' BENEFITS The Washington Post's Michael Fletcher reports that Congress could soon allow the pension benefits of current retirees to be cut as part of an agreement to address the fiscal distress confronting some of the nation’s 1,400 multi-employer pension plans. Several unions and pension advocates opposing the move, which would be unprecedented, say that permitting financially strapped plans to cut retiree benefits would violate the central promise of traditional pensions: that they would provide a defined benefit for life.
Confidence continues to rise among public pension plan administrators about the sustainability of their funds and their readiness to address future retirement issues according to a new survey by the National Conference on Public Employee Retirement Systems (NCPERS).