Monday, July 7, 2008

Consultant files rebuttal in county suit over pension scandal

Steve Schultze reported in the Milwaukee Journal Sentinel Sunday on Mercer, Inc.'s filings in its defense in Milwaukee County's lawsuit against it. Mercer had acted as actuarial consultant in the county pension revisions that included the disastrously expensive "backdrop" provision.
Milwaukee County has paid out about $134 million in backdrop pension benefits since 2001, county records show. The county has estimated its overall costs linked to the 2000-’01 benefit package and other pension enhancements at $600 million ...

1 comment:

  1. I smell 'he said/she said' but there are no 'shes' in this sad tale.