Will Pension Plans Run Out of Money?
A new research report using GASB proposed metrics reveals risks of “depletion”
“…The burden of proof now empirically resides with the elected officials and these plans’ officials to show that they have a strategy in place (or at least underway) to put their house in order.” The Minnesota Teachers fund is included in the list.
This demonstrates the need for greater transparency in local budget reporting in Minnesota.
Read Girard Miller’s article from Governing.com, December 8, 2011.
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