Retired public employees will see pensions rise in May - WKOW 27: Madison, WI Breaking News, Weather and Sports

Retired public employees will see pensions rise in May

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MADISON (WKOW) -- After five years of decline, retired public employees in Wisconsin will begin seeing their monthly pension payments increase starting in May.
The Department of Employee Trust Funds announced all 180,000 retirees will see an increase in core fund investments of 4.7%.

While the the roughly 40,000 investors who had money in a riskier variable fund will see an increase of 25%.

Pension payments are based on the performance of funds managed by the State of Wisconsin Investment Board, as well as other factors like the number of retirees entering and leaving the system.

The past five years of declines were the result of a 26% loss in investments when the recession hit in 2008.

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