Tuesday, August 14, 2012

Wyoming Retirement System Lecture

Teachers, firefighters and nurses are among those scheduled to speak at a town hall meeting in Sheridan about the Wyoming Retirement System last night. The Legislature’s Joint Appropriations Committee has been doing interim work focused on budget implications related to the system. Sheridan firefighter and EMT George Neeson says it’s possible proposals will surface to cut benefits, and he thinks that’s based on misconceptions.






Local firefighters do not participate in Social Security, but most other state employees do. Neeson explains the state retirement system's defined benefit helps keep people out of state safety net programs when other savings collapse because of market ups and downs.
Neeson says another misconception is that the state retirement system is in fiscal trouble…






Additional town hall meetings are scheduled in November in Cheyenne and in Casper.

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