Despite ordering the report, Walker has said he has no plans to alter the system. Yet that hasn't eased retirees' concerns.
"My biggest worry is they are going to try to fix something that isn't broken," says Biendseil, 67, who retired in 2006 and lives in Middleton.
The stakes are high. With assets of some $77 billion, the WRS is the second-largest pot of money in the state, surpassed only by Milwaukee-based life insurance giant Northwestern Mutual and its $190 billion.
Pension tension: Retired state workers fear future payments will be squeezed
Wednesday, June 20, 2012
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