Minnesota’s New Pension Bill Is A Positive Step Toward Sustainable Funding

Source: Cora Bruemmer, Eden P Perry, Todd N Tauzer, Sussan S Corson, S&P Global Ratings, June 7, 2018
(subscription required)

Minnesota’s new pension bill is a positive step toward improving funding of the state’s pension plans, but because contributions remained fixed in state statute, there could eventually be a regression in plan funded status, in S&P Global Ratings’ view.