Dire outcomes predicted for municipal pension systems

Redrant: This article mentions ST. Paul, MN. Minneapolis, where I live has been slogging away at it's pension problems and there is a somewhat painful fix for the Minneapolis schools. The legislature did not get to a ST. Paul, MN school pension "fix". I don't know if school pensions are included in the "city" figures.

I live in Hennepin County where I worked my entire career. Hennepin County farmed out it's pension to the relatively healthy http://MNPera.org. Hennepin County should have virtually no pension obligations beyond a potential higher current payroll contribution to the MNPera which is basically a "shotgun IRA". It's amazing how relatively minor decisions long ago can have relatively large effects. Greg Lang

http://www.kellogg.northwestern.edu/News_Articles/2010/municipal-pension-systems.aspx#