In 2001 and '02 . . . we had the pension system funded at (the) 100% level in that  year, and we did for two ... Says Gov. Scott Walker is openly" backing a move to  abolish the state retirement system and convert it to a 401(k)-style plan that will  reduce pensions "by at least a third" for current and retired public employees.
Jan 2, 2018 ... What is a pension & why have we switched to 401K's. The ... A defined  contribution plan is a type of pension where an employee, ... the State offered him  a 401(k) cash exchange for the existing value of his ... How can anyone retire on  that? ... Would you Rather have a Defined Benefit Pension or a 401(k)?.
Feb 24, 2011 ... limit the options of state and local pension plans to reduce future, .... 4.4 Million  Public Employees: Retirement System Membership… .... change is the  bargaining table. Taxpayer ... Doing nothing to current pension obligations will  cost public .... lower level – combined with an employer-matched 401(k)-style.
Apr 20, 2018 ... you'd like the state to go in the coming years. ... Spring 2018 • Volume 1, Issue 3  .... learn about a complex resource issue, she was converted to citizen .... the  transit network in Minneapolis,” he says, ..... pension system, since changes can  be seen ... incoming public workers to 401(k)-like retirement plans.
Counties say replacing systems around the state will cost about $125 million. ....  According to NCSL, at least 29 states introduced bills in 2017 to create .... said  after the election that Republicans would not try again to repeal Obamacare. ......  reform bill moving most future public employees into a 401(k)-style retirement  plan.
Says Gov. Scott Walker is "openly" backing a move to abolish the state retirement system and convert it to a 401(k)-style plan that will reduce pensions "by at least a third" for current and retired public employees