Skip to main content

The Wisconsin Pension system has always been strong, and more importantly fully funded, but it has just been rated by the Pew Center as "the strongest in the nation".

I did not see a diary on this yet, so I thought I would pass along some information to people around the country. According to the news story just out

Madison - As state officials eye ways to improve the pension system serving hundreds of thousands of public employees and retirees in Wisconsin, a national study is singling out the state's retirement fund as the strongest in the nation.

The Pew Center on the States last week found that only Wisconsin out of the 50 states has enough money set aside to meet its current obligations to pay the pensions that have been promised to public employees. Wisconsin is also the only state in the country to receive a "solid performer" ranking from Pew for both its funding of pensions and health care obligations for retirees.

I know that one of the main problems with New Jersey and Illinois, is not the structure or payment of their pension systems, but they did not fully fund their pensions. So now they are struggling, and Republicans are blaming the workers.

I think the other key money quote from the article is the fact this all happened before Walker was elected.

More impressively, Wisconsin got those high marks for its pension funding for fiscal year 2010 - before Gov. Scott Walker and Republican lawmakers required public employees to contribute more for their pension and work longer hours and more years to qualify for one.
I researched the information after the fact and of course pro Walker website has about three of four selective sentences from the report suggesting that it is because of Walker.

Some other info from Fitzwalkerstan:

Walker will have a "report" come out with "suggestions" on how to "reform" the pension system.

He will also have a "report" come out with "suggestions" on how to "reform" the health care plans for state workers.

Walker wants to give back to all his big donors, big amounts of pension money.

Sorry for the quotation marks, but I would not call what he will be receiving really reports, more like plans to privatize everything.

Take a look for yourself and see that a good pension system just needs to be fully funded and run properly with (gasp) government workers...

Originally posted to chefdan on Mon Jun 25, 2012 at 02:46 PM PDT.

Also republished by Badger State Progressive, ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, and Progressive Hippie.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site