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State's pension fund loses another $10 million; state retirees to see smaller checks

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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.

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