Panel Mulls Ways to Combine Minn. Pension Funds

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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.

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