Panel Mulls Ways to Combine Minn. Pension Funds

Tools

Story Created: Jul 8, 2009 at 6:18 AM CST

Story Updated: Jul 8, 2009 at 6:18 AM CST

Minnesota lawmakers are looking at whether it makes sense to fold some public pension funds into others.

The Legislative Commission on Pensions and Retirement convenes
Wednesday. it will consider the feasibility of a so-called pension fund consolidation assistance account.

The thinking is that such a fund would ease any such mergers. Lawmakers would have to work out where the money would come from to feed the assistance account and what types of costs would be
covered.

Minnesota currently has three large statewide public retirement plans and many smaller ones.

The legislative pension commission is made up of five state senators and five House members.

Copyright 2009 by The Associated Press. All Rights Reserved.

User Agreement

View comments

The following comments do not necessarily represent the views of KSFY.com. Users have agreed to these terms and in doing so accept full responsibility for their comments. Moderation is limited.

Add a comment

Name:

Comment: 500 Characters Left

KSFY.com and its affiliated companies are not responsible for the content of comments posted or for anything arising out of use of the above comments or other interaction among the users. We reserve the right to screen, refuse to post, remove or edit user-generated content at any time and for any or no reason in our absolute and sole discretion without prior notice, although we have no duty to do so or to monitor any Public Forum.

I have read and agree to the terms

Hide comments

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

On Demand

Stock Quotes

Flash Poll

Do you agree with the new recommendation that women should wait until they are 21 to get their first pap smear test?

  • Yes
  • No

AP Video