By Jack Pladziewicz For the Chippewa Valley Post The first two parts of this series analyzed public and private employee retirement plans and their costs, and suggested that both sectors would benefit by allowing private employers and their employees to opt voluntarily into the state’s retirement system. This concluding segment focuses on public and private employee […]
Commentary (Part II): How Wisconsin might lower pension costs for both public and private sector employees
By Jack Pladziewicz For the Chippewa Valley Post Part I of this series reported that because of successful investing by Wisconsin’s Employee Trust Fund, nearly $4 of every $5 paid to public employment retirees comes from investment returns and only $1 in every $5 comes from employer and employee contributions. Generally, the defined benefit plan for public […]
Commentary (Part I): Could Wisconsin lower pension and health insurance costs for both public and private sector employees?
By Jack Pladziewicz For the Chippewa Valley Post Employment compensation – both public and private – consists of three elements: wages, benefits (primarily health insurance and pension) and job security. Historically, public employment has offered higher job security, better benefits and lower wages than comparable private sector employment. While Wisconsin’s Act 10 fundamentally changed this […]