Tag archives for Collective Bargaining

Pension Commission News: LCPR Staff and Others Critical of Legislative Study; 8.5% Assumed Rate of Return; Getting Ready for GASB and More by Kim Crockett

piggy bank IOU

As promised by Chairman Morrie Lanning, the pension commission (LCPR)  met last week to tackle the “big issues.” The quieter interim is a good time for members to study this complex subject. Now let’s see what the commission and legislature do with this opportunity for clarity. On the Agenda: The pensions study ordered by the […]

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Unions, the Feds and School Budgets

Just a quick observation to start the week after a gorgeous, long Minnesota weekend. The Strib featured two front page articles on Labor Day: one was entitled ” Students Pay Price for Cuts in Education” and the other, noting labor’s disappointment with Obama and a shift of focus to the states as the main battleground

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What is Not on the Shutdown Agenda: Public Pensions

Steve Malanga from the Manhatten Institute published a reminder today about the “squeeze” that public pensions are placing on local governments all over the United States (see Wall Street Journal, “The Local Government Pension Squeeze.”) . All the promises made but not funded are coming home to roost.

Public pensions, a hot national topic, were of great interest here in Minnesota this last session but they did not make the legislative priority list (except for the now in-doubt consolidation of the old Minneapolis Police and Fire funds

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