US - Unfunded liabilities for Minnesota's seven largest pension plans have remained "unacceptably high" at US$1.7bn, due to increased contributions being paid out as benefits instead of being reinvested in the funds, said Pat Anderson, state auditor.
Anderson released a report on the pension plans which revealed they had a combined liability of $1.7bn, or 42.5% of their $4bn net assets. She added that six out of the seven plans were less tha...
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