THE MINNEAPOLIS COMMITTEE OF THIRTEEN

 

THE MINNEAPOLIS COMMITTEE OF THIRTEEN

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

 

 

Minnesota pension changes get pushed off to next year

By Maya Rao for Star Tribune   June 12, 2016

 

Amid legislative theatrics over tax cuts and construction projects, efforts to bolster Minnesota’s multibillion-dollar government worker pensions quietly fell apart at the end of the session.

 

The state was expected to approve changes after discovering that government retirees’ exceptionally long lives will cost up to $1.4 billion more than planned in coming decades.

 

“There’s no doubt that the failure to act this year is not at all positive,” said Susan Lenczewski, executive director of the bipartisan Legislative Commission on Pension and Retirement.

Laurie Hacking, executive director of the Teachers Retirement Association (TRA), said that waiting until next year to address the problems is manageable. But she cautioned against Minnesota following other states that “wait and wait and wait forever to address their financial problems, and then it becomes extremely costly to solve them.”

 

 

 

info@committeeof13.org

 

The Minneapolis Committee of Thirteen

PO Box 1414

Lakeville, MN 55044