Sunday, June 17, 2012

Retirees fear more changes to public pension system

Without a strong rebound in the investment market, Wisconsin's public pension system may need a larger infusion of taxpayer money, further reductions in benefits for retirees — or both — to maintain the long-range stability of a fund considered one of the nation's strongest. Meanwhile, some retirees are nervous about a special report due June 30 on possible changes that could shrink the pension pool by allowing employees to opt out or choose alternative plans.

Retirees fear more changes to public pension system

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