NDPERS manages, among other things, the retirement plans of public employees in North Dakota. Nearly all state employees and many local government employees are invested in the NDPERS as a major portion of their retirement plans.
Now, much like Social Security, NDPERS is on a pathway to insolvency. Their own figures show that, without a drastic increase in funding, NDPERS will be insolvent by 2038. Unlike the Federal Government with Social Security, the state cannot simply write IOUs to itself to cover the difference.
The NDPERS fund currently has $284.1 million in unfunded liabilities - however, that shortfall will expand exponentially until 2038 (or sooner) when it cannot meet its obligations.
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