The Minnesota House overwhelmingly passed a plan to make small changes to the state’s pension systems.
The House passed the measure on a mostly partisan vote of 79 to 52.
Rep. Mary Murphy, a Hermantown Democrat who chairs State Government Finance and Veterans Affairs Committee, said the measure will improve the state’s pensions and bring them closer to being fully funded.
The Duluth teachers’ pension will be folded into a larger state pension fund, costing taxpayers $15 million a year. Declining student enrollment and fewer teachers make the Duluth pensions no longer sustainable, according to an analysis.
“It is fraught with problems,” said Rep. Mike Benson, R-Rochester. He said the measure increases the risk of “a train wreck down the road” and wants a tougher look at pensions.
Amid reports that Donald Trump was in danger of not getting on Minnesota's presidential ballot, the Trump campaign says everything is in order and voters will have a chance to cast their ballot for him in November.
Donald Trump is headed to Mexico, making a surprise visit Wednesday to meet with the president of a nation he derided at the start of his White House campaign as a source of rapists and criminals coming to the U.S.
The Michigan Legislature narrowly approved a $617 million bailout and restructuring of Detroit's debt-ridden school district early Thursday, two years after the state spent money to help the city government emerge from bankruptcy.
The U.S. Treasury Department has rejected the deep retirement cuts sought by the ailing Teamsters Central States Pension Fund. The decision is a relief to thousands of retirees, who stood to see pension checks slashed.