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Tag Archives: Eliot Seide

Bill would transfer $50M burden to workers

Senate Government Innovation and Veterans Chairman Mike Parry, R-Waseca, has sidestepped the traditional route for pension legislation - which runs through the Legislative Commission on Pensions and Retirement (LCPR) - and placed on the fast track a proposal to shift more of the cost of pensions onto workers. His move seems all the more bold in light of the fact that the House has not introduced a companion measure, and at least one influential House Republican on pension issues has expressed significant reservations.

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Pensions: Can the center hold?

During floor debate on the omnibus pension bill on May 5, state Sen. David Hann, R-Eden Prairie, offered an amendment that proposed to stop offering new employees defined benefit pensions and instead offer to a more market-based form of retirement savings known as defined contribution plans.

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