Wednesday, March 03, 2010
by NDPC
BISMARCK — The Herald’s recent editorial about public pensions was very timely (“Surviving the ‘pension tsunami,’” Page D1, Feb. 27).
It cited a Pew Center on the States study that ranks the status of the North Dakota Public Employees Retirement System as middle of the road.
The state earned a passing grade from the Pew study because the system currently is more than 80 percent funded. But to Sparb Collins, the executive director of NDPERS, the system faces serious challenges.
The state’s public employee retirement system has $284.1 million in unfunded liabilities, Collins said in a recent informational video, which is available on the system’s Web site. That’s an increase of 272 percent just since 2004.
Click HERE to read the entire letter in the Grand Forks Herald.
