Recently an opinion was written in a newspaper in southeastern Wisconsin that spoke about a possible early retirement window for state employees.
Here is why this opinion is just that, an opinion;
There has been absolutely no discussion from the Governor or Legislative leaders about an early retirement program or window. A major part of the reason is that the retirement system is a merged system (basically all public employees in Wisconsin). State law provides that use of the trust fund for benefit change must accrue to all participants. The only way that an early window for State employees could happen is that the change would have to be funded by GPR (General Purpose Revenue) which is what the State has a deficit in. It would cost millions of dollars in GPR to fund an early retirement window for State workers.
Hopefully, this brief explanation will squelch any rumors amongst public sector workers.
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