041117_YKBP_A11.pdf
11 Broadcaster Press
April 11, 2017 www.broadcasteronline.com
Intermediate Sudoku Puzzles by KrazyDad
Sudoku #2
Stewardship Of State Pension Not Something To Reprimand
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9 By Gov. Dennis Daugaard: 9
1 In contrast, the South Dakota Retirement
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South Dakotans are not afraid to do
System has been solidly funded for dec7
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things differently when different means a
ades, and is one reason that our state has a
way. “Different” defines how
4 betterrunning our state’s retirementwe have 4AAA credit rating. We do not have unfunded
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1 system. liabilities that need reckoned with. SDRS
been
Many other state retirement systems1
are provides excellent benefits while operating
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struggling with large unfunded liabilities.
with fixed funding at a low cost.
New Jersey’s 1
credit rating was downgraded
I was surprised when, last year, federal
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by S&P recently due to its “large and growofficials informed us of their intent to penaling unfunded pension liability.” Similarly,
ize 5
South Dakota’s stewardship of public
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Illinois was downgraded by Fitch from BBB+ pension funds. Perhaps I should not have
to BBB, 4 3
partly because of ballooning penbeen shocked given the federal govern5
sion problems.
ment’s track record on spending, but it is
hard to comprehend why
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Fill the puzzle so that every row, every column, and every
section contain the numbers 1-9 without repeating a number.
Sudoku #4
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Easy Sudoku Puzzles by KrazyDad
Sudoku #2
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INTERMEDIATE
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Selling 60 Bulls Simmentals • Simm-Angus • Purebred Angus • Maine -Anjou
Last Tuesday’s
Sudoku Solution
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Sudoku #6
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INT BOOK 63 #4
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GOEKEN CATTLE
federally-funded employees. We should be
fully reimbursed for the pension costs of
federally-funded employees of the state.
Ironically, South Dakota is being reprimanded for its good stewardship while
poorly funded retirement plans, with much
higher contributions, are not facing the
same consequences. South Dakota’s pension cost, on average, is half that of other
public retirement plans nationally.
We are currently working with the new
administration to right this wrong, and I
am hopeful they will work with us to find a
common sense solution. In the case of our
pension system, “different” is good and it’s
not something that should be punished.
Friday, April 21, 2017 • 1:00PM
Press
roadcaster
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our state’s responsible management would be punished.
The Obama Administration’s decision
to admonish South Dakota related to state
employees who provide federal services.
Even though SDRS is a low-cost, efficient retirement system, the Obama Administration
took the position that our plan does not
adhere to the rigid guidelines for pension
reimbursement. Within South Dakota state
government, essential services that are
mandated by the federal government are
provided by state employees. State workers
provide these services for efficiency reasons and to save taxpayer dollars.
In reality, SDRS provides retirement
benefits more efficiently, thereby reducing the cost of benefits for both state and
© 2008 KrazyDad.com
Check next Tuesday’s paper for
the solution to today’s puzzle.
EA BOOK 63 #4
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