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The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF), and other state trust funds.
In Pennsylvania, the share of households with people 65 and older and annual incomes of less than $75,000 — an indicator of financial vulnerability — is expected to increase by 17% from 2020 ...
The most recent Survey of Consumer Finances performed by the Federal Reserve indicates that the average person between the ages of 65 and 74 only has around $600,000 in a retirement fund.
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...
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. Retirement age in the public sector is usually lower than in the private sector.
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.
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