Pension Payments to Retirees Dropping 9.6 Percent

WMTV-Maqdison ^ | March 1, 2013 | Associated Press

[Alaska Wolf]

Pension Payments to Retirees Dropping 9.6 Percent

Posted Friday, March 1, 2013 --- 2:54 p.m.

MADISON, Wis. (AP) -- Retired public employees in Wisconsin will see their monthly pension payments decrease by 9.6 percent starting in May.

The Department of Employee Trust Funds announced the cut on Friday. It had warned in December that the cut could be as high as 13 percent.

[familyop]

Do-it-yourself-ers in Wisconsin take another step toward freedom from the prying eyes, gossip and obstructions of pensioned NIMBYs.

[OldCountryBoy]

How long before this is blamed on Walker? Oops, maybe I’m wrong. Based on the comments on the Milwaukee Journal-Sentinel, it’s Bush’s fault.

http://www.jsonline.com/business/pension-payments-to-wisconsin-retirees-dropping-ua901pe-194349431.html

Unreal...

[knittnmom]

And no one can blame Walker! "Payments to retirees invested in the Wisconsin Retirement System's Core Fund are smoothed over a five-year period, and the declines are the result of a 26 percent loss in investments in 2008. Payments are expected to increase in 2014."<⁄i>

[reformedliberal]

They will blame Walker, anyway, especially all those who rushed to retire “before Walker cuts my pension” (sic).

[Alaska Wolf]

And no one can blame Walker!

The libs will certainly try.