Minnesota the fifth lowest state for pension spending

Minnesota the fifth lowest state for pension spending

The National Association of State Retirement Administrators (NASRA) recently updated its issue brief regarding state and local government spending on public employee retirement systems. 

 According to NASRA’s data, contributions to public pensions by Minnesota’s state and local governments is only 2.25 percent of total state and local government general spending, which is roughly half of the US average of 4.48 percent.  Minnesota ranks as the fifth lowest state for its government spending on pensions.