An effort to give private-sector workers the ability to ditch their 401(k)’s and instead participate in a state-run retirement system that would offer a more reliable pension payout could be on the horizon in Wisconsin. Within days of Wisconsin’s pension system being named the most solvent in the country by the Pew Center on the States, Sen. Dave Hansen, D-Green Bay, pitched a proposal to create a separate but equal system for non-government workers like small business owners and farmers to buy into. The private worker fund would pool contributions from participants but not receive any additional money from taxpayers. ….. On Monday, Davis plans to present the idea to the Wisconsin Coalition of Annuitants, an organization that represents public-sector retirees.
Capitol Report: Idea floated for state-run retirement system for private-sector workers
Wednesday, July 11, 2012
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