State and local government retirement systems have significant oversight and disclosure requirements, some of which are being considerably modified. Ten key takeaways regarding existing disclosures, notable changes, and their effects.
The Basic group life insurance plan became available to state employees in 1958 and to local government employees in 1960. Spouse & Dependent, Supplemental and Additional coverage is also available.
The ICI plan provides replacement income for disabilities which are considered short term in nature as well as those which may last for extended periods.
Have you heard about the Wisconsin Public Employers (WPE) Income Continuation Insurance Program? This program is authorized by the Group Insurance Board and available to local employers participating in the Wisconsin Retirement System.
While stocks, or public equities, typically grab the headlines for their performance — especially in a negative-return environment — private equity investments have been growing in importance because of the diversification and solid returns this asset class can provide, even in down markets.
A UC Berkeley study found that Wisconsin retirees with pension income are less likely to experience economic hardships, with public pensions significantly narrowing the racial, gender, and education wealth gap among older families compared to private pensions.