With each passing day, the pension problem grows

October 30, 2012 at 11:13 am

From a study to determine the amount of additional money that would have to be devoted annually to state and local pensions systems to achieve full funding in 30 years, a standard period over which governments target fully funded pensions:

  • On average, a tax increase of $1,385 per U.S. household per year would be required. For some states, the number is much higher, including Minnesota where it’s $1,928.

From the Washington Post, reprinted in the St. Paul Pioneer Press, October 25, 2012

Read the full article.

Entry filed under: Nexus Project, Public Policy | Government Affairs.

What are the NAIOP demonstration projects? The St. Paul Pioneer Press continues to be a strong supporter of NAIOP Minnesota’s expenditure type reporting initiative

For more information about NAIOP Minnesota, visit www.NAIOPMN.org.

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