Story perspectives

Stable $96B Minnesota Pension Fund Faces Underfunding Concerns

5/3/2025

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Summary

Story summary

Minnesota's pension fund, managed by Jill Schurtz, remains stable with a diverse $96 billion portfolio.
Monthly benefit payments range from $240-$250 million, with a $23 billion growth over five years.
Concerns arise over underfunded plans, such as the teachers' pension, amid potential market downturns.
Sen. Amy Klobuchar's "Take it Down Act" addresses deepfake porn, imposing penalties and mandating social media action.
The bipartisan bill aims to safeguard victims from online abuse.

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Story summary

Minnesota's pension fund, managed by Jill Schurtz, remains stable with a diverse $96 billion portfolio.
Monthly benefit payments range from $240-$250 million, with a $23 billion growth over five years.
Concerns arise over underfunded plans, such as the teachers' pension, amid potential market downturns.
Sen. Amy Klobuchar's "Take it Down Act" addresses deepfake porn, imposing penalties and mandating social media action.
The bipartisan bill aims to safeguard victims from online abuse.