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$4 billion pension fund deficit found

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ST. PAUL - State and local government pension plans face $4 billion in deficits because they paid too rich benefits in good times, but did not cut them back in lean times, the Minnesota Legislative Auditor's Office reports.


While Duluth has gained the most publicity on the issue, other cities and schools face similar problems keeping enough money to pay for retirement benefits

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Don Davis
Don Davis has been the Forum Communications Minnesota Capitol Bureau chief since 2001, covering state government and politics for two dozen newspapers in the state. Don also blogs at Capital Chatter on Areavoices.