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