advocating for Minneapolis teachers' pension security
With your support, the Committee of 13 advocates for our defined benefit pensions. We work to make sure that you have the facts about your MPS/TRA defined benefit pension. We also make sure that the legislators who serve on Minnesota's Legislative Commission on Pensions and Retirement have up-to-date information on MPS/TRA pensions.
We provide facts that counter the biased information distributed by groups
seeking to undermine our retirement security. You'll find up-to-date news from the Legislative Commission on Pensions and Retirement, the Minnesota Legislature and Congress on this page and in our latest newsletter. Come back often. Follow us onFacebook, Twitter,andGoogle Plus--and check out ourblog,too
Amid legislative theatrics over tax cuts and construction projects, efforts to bolster Minnesota’s multibillion-dollar government worker pensions quietly fell apart at the end of the session.
The state was expected to approve changes after discovering that government retirees’ exceptionally long lives will cost up to $1.4 billion more than planned in coming decades.
“There’s no doubt that the failure to act this year is not at all positive,” said Susan Lenczewski, executive director of the bipartisan Legislative Commission on Pension and Retirement.
Laurie Hacking, executive director of the Teachers Retirement Association (TRA), said that waiting until next year to address the problems is manageable. But she cautioned against Minnesota following other states that “wait and wait and wait forever to address their financial problems, and then it becomes extremely costly to solve them.”