As a retired public worker whose pay was invested into the Wisconsin Retirement System, I feel confident in the strength and stability of the pension program. It stood strong during the recent economic recession and it’s looked at as a model by other states. Now a study that’s just been released proves that the reputation of the WRS is well earned. It has a track record of quality and efficiency, providing modest retirement benefits to the state’s public workers who invest their salary into the program. The WRS has channeled billions of dollars into Wisconsin businesses, creating and sustaining local jobs and economic activity.
I hope Governor Walker and those in the Legislature pay attention to the study report. There has been some talk about possible changes to the WRS but as the study shows, not only does it not need any “fixing” – it’s as fully funded and well managed as it’s ever been.
As the old adage goes, if it isn’t broke don’t fix it. The WRS is a benefit to taxpayers, investors, businesses and anyone who lives and works in Wisconsin. Let’s have it stay that way.