This is something of a followup to the discussions from the radio last week. I did some looking at the “Comprehensive Annual Financial Report” from the North Dakota Retirement and Investment Office to see what I could find related to the position of the pensions in North Dakota. For those not aware, pensions are a huge issue across the country these days. They came under fire in the case of Detroit; unfairly blamed in my opinion for the eventual bankruptcy of the city. Recently the Illinois Supreme Court ruled that the state constitution prevented a renegotiation of the retirement benefits. We will see how that proceeds as Illinois is in a dire fiscal situation.
More Pension Discussion
