The last two days were the worst Wall Street has seen since 1987. This type of activity has helped dry up 10 billion dollars in October from the money invested on behalf of state workers. The state pension fund sits at the same level as it was in the year 2000.
Vicki Hearing, Public Information Officer for the State of Wisconsin Investment Board, says in the past, the pension fund did not receive market losses but the recent slump may change that. Hearing says a drastic market turn around could replenish much of the fund but she is unsure if it will happen.
It's all guess work until the end of the year when state officials crunch the Wall Street numbers and determine its effect on retirees. The state normally releases the results in March.
