Published March 14, 2010, 04:51 PM
ND Teacher Pension Fund Takes Hit
A state official says North Dakota's teacher pension fund has taken a hit from the economic meltdown.
FARGO, N.D. (AP) - A state official says North Dakota's teacher
pension fund has taken a hit from the economic meltdown.
Fay Kopp, deputy executive director of the North Dakota
Retirement and Investment Office, says the fund is projected to run
out of money by 2033. A solution might involve appealing to the
state, school districts and teachers to increase contributions.
The fund's board meets Tuesday to decide on what recommendation
it will make in April to the Legislature's employee benefits
programs committee.
Officials say retired teachers won't be affected by whatever
solutions the Legislature ends up considering.
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