A single retiree drawing a $1,000 monthly pension will see each month’s check cut by a little more than $30, not quite $400 over the year. A couple getting $2,000 a month will receive nearly $50 ...

A $16 billion hole in the pension plans for Minnesota public employees got a timely patch in May. But without a commitment to further action, future generations could be left to foot a large bill.

The average state worker in Wisconsin makes about $54,000 ($53,703) with a pension of $24,500. Minnesota public workers average about $57,000 . ($56,866) and get a $26,000 pension.

Although there’s still a reduction in the pension for retiring early, the penalty for doing so has also been reduced from 6% to 5% for those who qualify with their age and years of experience ...