SAINT PAUL, Minn. – Minnesota lawmakers are considering a bipartisan plan to let teachers retire earlier with full pensions.
One proposal would allow full retirement at age 60 costing taxpayers an estimated $240 million a year. Two cheaper alternatives would either lower the full pension age to 62 or allow partial pensions at 60.
Supporters say the move could save money long-term by replacing higher-paid retirees with younger educators.
Teachers unions back the earliest retirement option, but funding remains a key hurdle.
