Wisconsin Public Servant here....and I'm retired and receiving benefits.....should I be worried??

[a kennedy]

I have no problem with my retirement benefits or really even the State investment board……this is just interesting. (Wisconsin Retirement Fund is the 9th largest in the country)

…………In recent years, the handling of the nation’s largest public pension fund has caused growing alarm among a group of retirees who rely on it.

They have sought an outside audit of California’s $530 billion pension fund, known as the California Public Employees’ Retirement System, or CalPERS. They have also tried to persuade legislators to install an inspector general to monitor its operations.

Both efforts went nowhere. Now, they’ve decided to take matters into their own hands.

The retired public employees are taking the unusual step of hiring a forensic pension investigator to provide clarity on the fund’s investments, the high fees it is paying to big Wall Street firms and its lagging performance.

https://www.nbcnews.com/news/us-news/california-public-pension-fund-nations-largest-faces-probe-launched-co-rcna215534

[Traildogbob]

1. Same in NC

Once considered one of the very best.
But. In spite of a Dem Gove, GQP have been in charge for many years, currently a super majority after one really big asshole switched to GQO right after election, and these NC GQO are some of the best liars and thieves on the planet.
The voters are fed Fox sewage 24/7. Even state retirees that depend on their honesty(🤑🤮
Any massive fund sitting there in any accounts, for us that pay into it, is a Buffett for these thieves. And we can just die and rot in their Christian eyes.
God Bless America. No matter where all that is printed, it’s a lie.
He is blessing these thrives and murderers, that will never see conference’s.
USA USA USA! Celebrate our freedoms this Friday.

[Nigrum Cattus]

2. They hate ALL unions so, yes keep a close eye

on your money. No public pension fund is 100% funded.
They all lost money in 2008 that has not been replaced.
The New York teamsters pension fund is paying out at
50% of what they had been promised.

[Turbineguy]

3. My Union pension fund

at one time had it's assets managed by 5 firms. The way it was set up, funds would move toward the manager who performed the best, at the expense of the worst performer. The amount transferred was limited to 5% that way the incentive was still there. It worked out very well for the beneficiaries.