Collective bargaining law may increase state pension costs by $87.5M
June 29, 2012 10:44 AM
Tags : None
Wisconsin's controversial 2011 collective bargaining law may add $87.5 million to state retirement system costs next year due to a little-noticed change that will boost employee benefits.
The unanticipated costs aren't a back-breaking amount for the massive retirement fund, but they illustrate why laws that alter the complex retirement system should be examined carefully before enactment, said Robert Conlin, secretary of the Department of Employee Trust Funds.