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Tag archives for Hybrids

Pension Commission Update: Interim Hearings Take on “Big Issues” in Preparation for the 2012 Session.

piggy bank IOU

In October, the commission heard testimony about changing the assumed rate of return on investments from 8.5% to a lower number (probably 8.0% but it Rep. King Banaian has sponsored a bill that would lower the rate to 7.5%); and it reviewed various hybrid pension plans being adopted around the nation. (A hybrid plan is part defined […]

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ANDREW BIGGS FROM THE AMERICAN ENTERPRISE INSTITUTE TO TESTIFY AT PENSION COMMISSION THURSDAY, NOVEMBER 10th

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ANDREW BIGGS FROM THE AMERICAN ENTERPRISE INSTITUTE TO TESTIFY AT PENSION COMMISSION THIS THURSDAY, NOVEMBER 10TH (State Office Bldg Room 5, Click Here for the Agenda and Schedule).  CONTACT: KIM CROCKETT  kimc@mnfreemarketinstitute.org OR 612.388.2820 FOR INFORMATION.  Keith Brainard, research director of the National Association of State Retirement Administrators (NASRA), and an aggressive and talented defender of […]

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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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