MN pension mulls cut to retiree benefit increase (access required)

by Charley Shaw
Published: November 24,2009
Time posted: 2:13 pm
Tags: pensions, PERA

The board of a major Minnesota public pension plan has agreed to consider asking state lawmakers in 2010 to increase contributions and cut benefit increases to shore up its shaky finances. The Public Employees Retirement Association (PERA) of Minnesota saw the value of its pension assets decline 19 percent during the fiscal year ending June 30. ...


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