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Minnesota Management and Budget Commissioner Myron Frans says the Governmental Accounting Standards Board is trying to do something laudable. It wants to “level the playing field” so that massively expensive pension plans can be compared using standardized data. “But I think that they add their own distortion, if you will, to the problem,” he says. 
(File photo: Kevin Featherly)
Minnesota Management and Budget Commissioner Myron Frans says the Governmental Accounting Standards Board is trying to do something laudable. It wants to “level the playing field” so that massively expensive pension plans can be compared using standardized data. “But I think that they add their own distortion, if you will, to the problem,” he says. (File photo: Kevin Featherly)

Minnesota pension officials respond to Bloomberg article

A gloomy Aug. 31 Bloomberg news story has Minnesota public pension fund managers scrambling to explain that things are not so dire as article would suggest.

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