Public Employees Would Face Retirement Changes Under GOP Bills

The Wisconsin State Journal reports Republican lawmakers are laying the groundwork for changes to state and local government workers’ pensions, including those of school district employees, that could reduce the monthly payouts and raise the age at which they could retire.

One bill expected to be introduced this month would change the way pension annuity payments are calculated for state and local government workers covered under the Wisconsin Retirement System or WRS, including teachers, in five years — payments would be determined by averaging workers’ top five years of pay instead of the top three.

Under a second bill, the minimum age at which a state or local government employee covered by the Wisconsin Retirement System  (WRS) currently under the age of 40 could retire would be 57 instead of 55. Public safety workers could retire at 52 instead of 50.