North Dakota lawmakers are willing to consider excluding newly hired teachers and government workers from state pensions, and putting them instead into retirement savings plans that do not have guaranteed benefits, an Associated Press survey shows.
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.
Proposals to change the pension plan for North Dakota public school teachers would raise the retirement age and increase contributions into the teachers' pension fund.
September 22, 2010
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