A public employees bill passed by Wisconsin’s Governor, Scott Walker, has become a law, Pensions & Investments reports. The bill requires most of the state’s public employees to contribute 50% of all annual required pension contributions.
The move is part of a bill that also reduces most collective-bargaining rights for public employees. The bill, which requires teachers and general state employees to contribute 5.8% of their salary toward their pensions, has exempted police officers and firefighters.
Click here for the story from Pensions & Investments.