A "dip" for retired Wisconsin public employees??? Really??? a dip??
For the first time in six years, retired Wisconsin public employees with all of their money in the Wisconsin Retirement System’s (WRS) main trust fund could see a reduction in their pension checks.
The State of Wisconsin Investment Board, which manages the money in the WRS funds, gave its preliminary 2018 year-end returns late Friday and, like the stock market, the results were down.
The Core Fund, with $93.6 billion in assets as of Dec. 31, had a preliminary return of minus 3.3 percent for 2018 while the smaller Variable Fund, with $7.1 billion in assets, had a preliminary return of minus 7.9 percent.
That means pension payments for most of the 203,000 retirees in the WRS could take a small hit.
https://madison.com/wsj/business/pension-payments-could-dip-for-retired-wisconsin-public-employees/article_aaeb462c-b673-583d-be2b-7da1283c9ab8.html
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