State's pension fund loses another $10 million; state retirees to see smaller checks
Most of Wisconsin's state and local government retirees will get smaller pension checks next year, unless the stock market rebounds dramatically.
The State Investment Board reports another $10 billion loss in its pension fund in October.
That puts the total reduction for the year at $25 billion. The retirement fund now stands at $62.5 billion, about the same as in 2000.