You all do realize Pension and Benefits are part of Wisconsin Public employees compensation package. They earned them .
The tax payer actually pays nothing . Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to
“contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers.
They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers.
The pension plan is the direct result of
deferred compensation-
money that employees would have been paid as cash salary but choose, instead, to have placed in the state operated pension fund where the money can be professionally invested (at a lower cost of management) for the future.
Governor Walker has gotten away with this false narrative because journalists have failed to look closely at how employee pension plans work and have simply accepted the Governor’s word for it. Because of this, those who wish the unions ill have been able to seize on that narrative to score points by running ads and spreading the word that state employees pay next to nothing for their pensions and that it is all a big taxpayer give-away.
If the Wisconsin governor and state legislature were to be honest, they would correctly frame this issue. They are not, in fact, asking state employees to make a larger contribution to their pension and benefits programs as that would not be possible- the employees are already paying 100% of the contributions.
What they are actually asking is that the employees take a pay cut.
That may or may not be an appropriate request depending on your point of view – but the argument that the taxpayers are providing state workers with some gift is a false argument.Maybe state workers need to take pay cuts But let’s, at the least be honest for what it is rather than pretending they’ve been getting away with some sweet deal that now must be brought to an end.
I do not understand why the media and others continue to perpetuate this misleading myth.
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Here is the link to the actual collective Bargaining Agreements.
http://oser.state.wi.us/subcategory.asp?linksubcatid=1246&linkcatid=389&linkid=2