Advertisment
Your Story
Retired public workers could see pension cut
Some retired public employees could see their monthly pension payments drop by up to 13 percent next year.
Preliminary estimates from the Department of Employee Trust Funds show that investors in the Wisconsin Retirement System's core fund will likely see a reduction for the fifth straight year. Spokesman Bob Conlin says before 2008 most retirees saw fairly consistent gains every year, but they are only guaranteed the amount that was calculated upon their retirement.
Conlin says participants in the variable fund could see a 7 to 9 percent increase in that portion of their pension. He cautions these are only preliminary numbers and the final results will not be released until march.
Preliminary estimates from the Department of Employee Trust Funds show that investors in the Wisconsin Retirement System's core fund will likely see a reduction for the fifth straight year. Spokesman Bob Conlin says before 2008 most retirees saw fairly consistent gains every year, but they are only guaranteed the amount that was calculated upon their retirement.
Conlin says participants in the variable fund could see a 7 to 9 percent increase in that portion of their pension. He cautions these are only preliminary numbers and the final results will not be released until march.
posted : December, 28th by WHBY
WHBY LATEST NEWS
The vicious twister that hit Moore has left destruction and death unlike most that we witness. Some areas of town…
posted by Daves Blog 1 hour ago
I told you so yesterday afternoon on the PhilCast. I told you very early on in this ugly process that…
posted by Philcast 1 hour ago
Happy Monday.
The countdown to Memorial Weekend, the Indy 500 and the start of summer is on!
Today on the…
posted by Philcast 1 day ago
Advertisment
