One of the issues of substance before the North Dakota Legislature this session is what to do about the elephant in the room — the fact that that NDPERs (the acronym for North Dakota’s public employee retirement program) doesn’t have enough money to pay its liabilities. It’s short by $2 billion, and the big question is how to deal with that reality. Get the full story from Jack Dura at the Bismarck Tribune.
And why does it matter in Minot? Local government employees can participate in NDPERS, too. That means some of that unfunded liability belongs to us.