All members of the Mille Lacs Band of Ojibwe of Minnesota will receive a pension plan, courtesy of the tribe.
The tribe will set aside 5 percent of net revenue each year. Interest generated on that money will be used to fund the pensions.
The first pensions will be about $1,500 a year. But over time, they could grow even higher, the tribe's long-range planner said.
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Mille Lacs Band starts pension plan for members
(The Minneapolis Star Tribune 1/11)
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Relevant Links:
Mille Lacs Band of Ojibwe - http://www.millelacsojibwe.org
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Mille Lacs Band starts pension program for members
Thursday, January 11, 2007
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