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In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering .
Wisconsin boasts one of the least complicated retirement systems in the country, as essentially all state and local employees fall under the umbrella of the Wisconsin Retirement System...
You can use online calculators, like the Merrill Personal Retirement Calculator, to understand where you are now and how to close any gaps.”
Calculate your retirement income: Determine your expected annual retirement income sources. This might include Social Security benefits, pension payments, income from retirement accounts...
Wisconsin’s OPEB plans are only 22.4 percent funded. Wisconsin, like many others, treats OPEB on a pay-as-you-go basis, whereby benefits are paid when retirees receive the health care.
On January 31, 2023, as part of $3 billion in cost reductions, Intel announced pay cuts affecting employees above midlevel, ranging from 5% upwards. It also suspended bonuses and merit pay increases, while reducing retirement plan matching. These cost reductions followed layoffs announced in the fall of 2022.
The Wisconsin Department of Financial Institutions (DFI) is an agency of the Wisconsin state government responsible for state regulation of financial institutions and educating the public about financial issues.
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The Wisconsin Educational Communications Board (ECB) is a Wisconsin state agency that plans, develops, constructs and operates statewide public radio, public television, public safety, and educational telecommunication systems and programs, and oversees over 60 FCC-licensed broadcast and support stations.
MILWAUKEE, WI — Children born or adopted in Wisconsin could get a retirement account from the state under a bipartisan proposal made Wednesday.