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 [email protected] 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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Tag archives for Assumed Rate of Return
ANDREW BIGGS FROM THE AMERICAN ENTERPRISE INSTITUTE TO TESTIFY AT PENSION COMMISSION THURSDAY, NOVEMBER 10th
Posted by Kim Crockett on Sunday, November 6th 2011
category: All Pension Reform, Blog Posts, Budget, Collective Bargaining, Deficit, Events, Minnesota Legislature, Press Release, Public Employee Pensions, Public Employee Unions, Right to Work
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
Posted by Kim Crockett on Thursday, September 29th 2011
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 [...]
category: All Pension Reform, Blog Posts, Core Functions, Jobs, Kim Crockett, Minnesota Legislature, Public Employee Pensions, Public Employee Unions
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Pension Commission Update: Interim Hearings Take on “Big Issues” in Preparation for the 2012 Session.
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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