According to the latest valuation reports, state public pensions should have $16 billion more in investments right now to pay for future retirement benefits that have already been earned by public employees. While the situation is better than many other states, the figure has alarmed people all along the ideological spectrum.
How did we get here? Is there a problem? If so, how big is the problem, and what can be done?
In the upcoming issue of Citizens League Voice, we take a look at the pension tension, with a look at the facts surrounding the issue, and four different perspectives. Mark Haveman, executive director of the Minnesota Center for Fiscal Excellence, participates in our latest Good Debate, and he joins us for our upcoming Mind Opener to explain the issue, and his position that Minnesota must come to grips with the problems of the public pension system.