I ♥ the Wisconsin Retirement System. Is that so wrong? Published by Jane the Actuary View all posts by Jane the Actuary
6 thoughts on “Forbes post, “‘Go North, Young Man’ – To The Wisconsin Public Pension System””
See also the South Dakota Retirement System. Very similar concept but different mechanics. Fixed contribution rates (split 50/50 member/employer) and variable benefits (mostly through COLA like Wisconsin) designed to keep plan 100% funded at current assumed 6.5% discount. Full details in winning paper from SOA Retirement Section’s Retirement 20/20 contest at https://www.soa.org/sections/retirement/retirement-landing/
There are some states striving to do what’s right for all stakeholders. They just don’t get the amount of press that plans in crisis get.
The Wisconsin Retirement System is a terrific pension plan, but is not unique in sharing risk between employers and employees. In addition to Wisconsin and South Dakota, many other public pension plans also contain risk-sharing arrangements. These arrangements are described in this recent paper: https://bit.ly/2T51HMa and in this short video: https://bit.ly/2F3M8iG
Hello. I responded to your post on the Wisconsin Retirement System earlier this week, but I do not see my response posted. Did I do something wrong? Thank you. Keith Brainard
It’s approved now. (I generally don’t require moderation but sometimes WordPress puts a comment into the moderation queue based on links/video, and in this case I hadn’t noticed.) In fact, I really appreciate the link and am looking forward to reading it!