Directions: At the caucus, introduce the resolution, speak in support of it yourself and have your friends vote for the resolution. We have made it easy for you by having the information needed in the printable PDF below.
Also, It is advisable at the caucus to seek election to the next level, where you will have the chance to again support the resolution. You can be a major part of ensuring the viability of employee pensions.
In the sections below is the resolution which includes the reasons (these are identified as the WHEREAS) for it.
Resolution to Protect Employee Pensions in Minnesota
"WHEREAS: Every American worker, private or sector public, deserves sufficient income in his/her old age to ensure a dignified retirement, despite ongoing erosion of the retirement safety net,
WHEREAS: Defined benefit plans have virtually disappeared in the private sector only to be replaced with a retirement system that forces workers to link their future security to the vagaries of the stock market,
WHEREAS: The median age 60-62 household with a 401(K) has less than one-quarter of what is expected to be needed to support themselves in their old age and is at risk of having to rely on taxpayer-paid public assistance,
WHEREAS: Spending in Minnesota's public -sector retirees generates over $700 million in tax revenue and supports $4.5 billion in economic activity in the state,
THEREFORE: Be it resolved that pubic-employee defined- pension plans are an asset to the state of Minnesota and should be retained, and steps taken to restore the pension safety net for private-sector workers".
