North Dakota teachers and government workers fought a proposal Friday to close their financially troubled pension funds to new hires, saying the option would provide inferior retirement benefits to future workers for dramatically increased short-term costs.
North Dakota lawmakers endorsed proposals Tuesday to require government workers, teachers and their taxpayer-supported employers to set aside larger chunks of money to bolster pension funds that otherwise might run out of money in 30 years.
Ending pension benefits for new school teachers and government workers in favor of 401(k)-style retirement savings plans would cause North Dakota's pension funds to run out of money more quickly, analysts said Tuesday.
September 21, 2010
Showing 1 - 4 of 4
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »