October 1, 2014

Plan to allow private workers into state retirement fund

On the heels of studies showing Wisconsin’s retirement fund for public employees being in good shape, a Democratic state lawmaker wants private workers involved. Senator Dave Hansen adds the voluntary program will be a “separate fund” from the public workers. He says it would be beneficial to private workers, business owners or farmers who face uncertainty in their retirement plans.

The Green Bay Democrat says a number of his party colleagues have contacted him to co-sponsor. Hansen is hoping Republicans are open to the idea. He says this measure would eliminate a common criticism of public workers having the perks of the state retirement plan.

Hansen says the details still need to be worked out and they are contacting industry professionals on how to best manage such a program.

AUDIO:  Brian Moon reports (:60)