For all you J6P's that support the Rethug party....... Yer gonna get what you asked for. Next the Rethugs will gut SS and medicare programs.
I hope you have some wonderful caring kids that will take care of you in old age.
$this->bbcode_second_pass_quote('', 'B')ills call for a freeze on public pensions
Two House bills, H.F.542 and H.F.594, would effectively freeze public pensions in Minnesota as of July 1.
Introduced Thursday, February 17, the two measures by Rep. Mark Buesgens, Jordan, call for closing all public retirement plans to new employees after June 30, and freezing existing benefits for all current public employees as of that date. No additional service credits could be earned by participants, nor would additional member contributions be allowed. Members not yet vested in the retirement plans would only be eligible for a refund of past contributions plus interest. Contributions would also cease for participants in Minnesota's public defined contribution plans like PERA’s DCP.
The measure would allow the continuation of employer contributions to defined benefit plans like PERA, the Minnesota State Retirement System and the Teachers Retirement Association until they reach full funding.
In a recent interview, Buesgens said he does not expect the bills to pass, but hopes they will spark discussion. There are no companion measures in the Senate. Gov. Mark Dayton has indicated he would not sign the bills in the unlikely event they reach his desk.