Pension / Legacy Costs
Since 2006, we've been tracking trends and policy developments pertaining to state and local pension plan health and pension reform. All our greatest hits are here. Be sure to take a look at our reader-friendly guide Fixing Minnesota's Public Pensions: What Every Citizen Should Know, which uses an easy-to-follow "question and answer" format to educate all Minnesotans on the controversial issues and questions surrounding the sustainability of our state and local pension plans.
With another round of public pension fixes imminent, what are the keys to having healthy traditional defined benefit plans in this day and age? Some answers to that question can come from an unexpected place: the retirement plans Minnesota public sector unions offer their own employees.
Thanks to the Governor’s veto of the 2016 pension bill and further deterioration of fund health, the table is set for some very complicated and controversial pension politics in 2017.
Direct public pension fund investment in public infrastructure is gaining traction but requires a fundamental rethinking of how we conceptualize and manage public assets.