MADISON, Wis. (AP) — Gov. Scott Walker no longer expects to see the savings from forcing state workers to pay more for their health insurance and pension benefits before the start of the next budget year in July.
Walker is supporting a bill circulated Tuesday in the Legislature by Republican lawmakers that doesn't count on the state seeing $30 million in savings for this budget year, which ends June 30, through the concessions.
State workers have not yet been required to make the higher contributions since the law remains tied up in court, but the new levels could be applied retroactively if the law is enacted before July.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
