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Politics with J. Patrick Coolican

Rep. Kline's proposed cuts catch pensioners by surprise

Dave Erickson of Isanti, Minn., believed his pension benefits were guaranteed when he contributed a fixed portion of his pay into the Teamsters Central States Pension Fund. On Wednesday, Erickson learned that those benefits might be cut under a provision that Minnesota Rep. John Kline aims to tack onto the new federal budget bill. The measure, which would allow multi-employer pension plans that are underfunded to significantly cut benefits to retirees under age 75, is an attempt to prevent such plans from running out of money. But Kline’s push to get it into the omnibus budget bill that Congress must pass to keep the government running enraged retirees like Erickson. The provision, which primarily affects major unions’ retirement plans, has never been introduced into the House or Senate on its own.

Budget deal erodes limits on political money

Klobuchar gets tourism promotion measure tucked in spending bill

Minnesota Gov. Dayton shuffles two posts at top of his cabinet

Mpls. council restores funding to some threatened programs

St. Paul council passes budget with most of what mayor wanted — and then some

 


 

inside dish

Martin to seek another term as DFL chairman

Ken Martin released a letter to kick off a campaign for a third term as DFL chairman. Martin lays out his accomplishments of the past several years, during which the DFL went from a bruised party following 2010 to a solid election this year despite the national Republican wave. The DFL re-elected Sen. Al Franken and Gov. Mark Dayton, took all of the constitutional offices and protected Democrats in the congressional delegation. The only miss was losing control of the Minnesota state House.

November revenues on target

Minnesota Management and Budget announced November general fund revenue came in at $1.3 billion for November, which is $2 million, or .1 percent more than forecast. The additional money came from higher-than-forecast individual income taxes. The memo came from Jim Schowalter, who is leaving as commissioner. Myron Frans will slide over from the Department of Revenue.

 


 

seen elsewhere

Washington Post: Senate Dems’ campaign committee wound up in debt. That’s not why they lost.

Washington Post: Gender gap, by state, according to Dept. of Labor

Politico: Poll: Support for gun rights at new high

Bloomberg: Iowa conservatives say ‘no way’ to narrowing GOP 2016 field

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