Bad news: The Social Security Trust Fund is on track to be wiped out by 2034.
More bad news: Unfunded state government pension liabilities in neighboring Illinois totaled $317 billion in mid-2020âthe worst in the nation when measured against a stateâs gross domestic product, according to Moody Investors Service.
Great news: Wisconsinâs public pension system, administered by the Department of Employee Trust Funds (ETF) with assets managed by the State of Wisconsin Investment Board (SWIB), is one of the best-funded pension systems in the nation.
A National Association of Retirement Administrators survey ranked Wisconsinâs ETF and the retirement systems of South Dakota and Tennessee at or above 100% funded.
Wisconsin Public Pension System is 100% Funded
The fund, managed by the Department of Employee Trust Funds, is ranked among the best in the nation. By Steven Walters - May 24th, 2021 03:42 pm //end headline wrapper ?>Wisconsin State Capitol. Photo by Mariiana Tzotcheva.
Bad news: The Social Security Trust Fund is on track to be wiped out by 2034.
More bad news: Unfunded state government pension liabilities in neighboring Illinois totaled $317 billion in mid-2020 – the worst in the nation when measured against a state’s gross domestic product, according to Moody Investors Service.
Great news: Wisconsin’s public pension system, administered by the Department of Employee Trust Funds (ETF) with assets managed by the State of Wisconsin Investment Board (SWIB), is one of the best-funded pension systems in the nation.