Thursday, November 15, 2012

Wyoming Retirement System holds its next town hall meeting Nov. 28 in Casper

The Wyoming Retirement System will hold its next town hall meeting in Casper on Wednesday, November 28, 7-8:30 p.m. It will be held in Nichols Auditorium, McMurry Career Studies Building, Casper College. The meeting is open to anyone who is concerned about the threat by Republicans to mess with the state retirement system in the name of Tea Party politics. At a town hall meeting on Nov. 8 in Cheyenne, WRS Director Thom Williams sounded a cautionary note about any changes to the state's defined-benefits plan. This is from the Wyoming Tribune-Eagle:
The head of the Wyoming Retirement System says a major overhaul of the state's public pension program is unnecessary and potentially dangerous.

Thom Williams, executive director of the WRS, told a group of state workers and retirees Thursday that the Legislature should resist any efforts to move to a 401(k)-style defined-contribution plan. 

"The problem is (defined-contribution plans) are not a reliable means for providing retirement security," he said. "These defined-contribution plans oftentimes result in people running out of money."
HM urges state employees in Natrona County to attend the meeting. Maybe some of those right-wingers that county residents keep electing to the legislature will show up and learn something.

The town meeting is co-sponsored by the Coalition for a Healthy Retirement and the Equality State Policy Center.  

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