pension funds

Heitkamp continues work to save pensions

Apr 4, 2018
D. Webster

Senator Heidi Heitkamp met with members of the Fargo Committee to Protect Seniors Rights, a local chapter of a nationwide group fighting to preserve pension funds.

About 2,000 North Dakotans and 400,000 pension fund participants nationally paid into a program called the Central States Pension Fund, which will no longer be solvent unless Congress intervenes. Many participants have been told their pensions will be reduced by half or even more. Dick Bye drove a UPS truck for 31 years, and says he relied on his pension for his retirement.

PERS to seek continuation of recovery program

Jul 17, 2012

The head of North Dakota’s Public Employees Retirement System says the 2013 Legislature will be asked to implement the second half of a pension recovery plan.

Sparb Collins says the 2008 downturn in the financial markets meant that 30 years out, the system would be out of money. Collins says PERS  proposed a recovery plan to the 2011 Legislature.