By Dave Thompson
Source: Prairie Public Newsroom

The union representing public employees in North Dakota says a new survey from the state’s Human Resources Management Services shows strong support for a defined benefit retirement plan.

That’s the plan state employees have now.

An interim Legislative Committee is looking at closing that plan to new state employees, and going to a “defined contribution” plan for new hires in 2024.

The survey shows 42 percent of respondents strongly agree with the statement, “I prefer to have a defined benefit retirement plan,” while only 3 percent strongly prefer a defined contribution plan.

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