Wisconsin Treasurer Recommends Creating State-Run Retirement Plan

Link: https://www.ai-cio.com/news/wisconsin-treasurer-recommends-creating-state-run-retirement-plan/


A task force headed by Wisconsin’s state treasurer has recommended that Wisconsin establish a state-run program that provides a retirement benefit plan for employers that don’t offer one.

The task force, which was created by Wisconsin Gov. Tony Evers in 2019, issued a report outlining the causes of the state’s “retirement security crisis” and provided several recommendations it said would strengthen the financial security of Wisconsin’s retirees.

“Wisconsin is in trouble when it comes to retirement security,” the task force’s report began ominously. “Even before the COVID-19 pandemic, our retirement system was not working for a significant number of Wisconsin workers.”

Author(s): Michael Katz

Publication Date: 24 February 2021

Publication Site: ai-CIO