In a new Forbes column, NIRS Executive Director Dan Doonan writes about the impact of North Dakota’s decision to close their main public employee pension plan due to underfunding. While legislators may see closing the plan as a quick fix, examples from other states such as Alaska and Michigan show that the consequences of this change could be dire. The move could lead to increased costs, challenges in recruitment and retention, and reduced retirement security for future North Dakota employees.

Read the column.