The 2011 flooding of the Souris river in Minot, which bisects the city from east to west, made it clear to the community that far too much of the city’s commerce is focused on the south end of town. During flooding, those living in the north part of town had few choices for stores selling…
With Pension Fund Only 49% Funded, City Of Minot Considering Defined Contribution Plans
All over the country, defined benefits pension plans are crumbling. Public sector plans for state and municipal workers are under water. Federal pension plans are under water. Even Social Security, which is little more than a sort of universal, defined-benefits pension plan is under water. And the fundamental problem with each of those plans is…