US - State and local governments in Wisconsin face costs of around US$17.4bn to settle their unfunded liabilities, leading to possible tax hikes or programme cuts in the near future, a Wisconsin Policy Research Institute report has revealed.
WPRI senior fellow George Lightbourn highlighted the huge pension and benefits promises made by Wisconsin government and gave recommendations on how the issue should be tackled. "The exact amount...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
