Milwaukee County Pension Scandal the Settlement Board Will Invest Settlement $30 Million Mercer Payment Is Small Dent in Pension Debt

Summary

---

Though hailed by some officials as a big win, Milwaukee County's $30 million share of its pension lawsuit settlement takes a relatively small nibble from the county's massive pension debt.

The payment was transferred to the county late Tuesday by Mercer Inc., the county's former pension actuary, and the money will be invested by the Pension Board.

See the full content of this document

Extract

---

Milwaukee County Pension Scandal the Settlement Board Will Invest Settlement $30 Million Mercer Payment Is Small Dent in Pension Debt

The money might whittle about $2 million from the county's anticipated pension contribution of about $70 million for 2010, according to a rough estimate Wednesday by Rob Henken, president of the nonpartisan Public Policy Forum and former top county official....

See the full content of this document

---