[TRUTH] Scott Walker Says Wisconsin Has The Only 100% Funded Pension Fund

Cohete Rojo · Jan 10, 2013

"Our pension system is the only one in the country that’s 100 percent funded."
So says Scott Walker.
True? Significant?

Gov. Scott Walker is used to hearing cheers from conservative audiences when highlighting fiscal constraints he put on Wisconsin’s budget in 2011.

He seemed a bit surprised, though, during his November 2012 address at the Ronald Reagan Presidential Library when scattered applause broke out after he mentioned the state’s pension fund.

Walker was comparing Wisconsin’s fiscal condition to that of California and of his standard punching bag, Illinois, which raised taxes to close a budget gap.

"They have a pension system that’s not even halfway funded," Walker said of the Land of Lincoln. "Now, in contrast, in our state, our pension system is the only one in the country (that’s) 100 percent funded."

Hearing some applause, Walker added: "You can clap for that, sure."
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http://www.politifact.com/wisconsin...-says-wisconsins-pension-system-only-one-cou/

Major · Jan 10, 2013

From the link, it sounds like they mostly have a defined-contribution plan, so it's much easier to keep funded than defined-benefit plans. But it's also a very good thing in that it helps keep the fund healthy. I think I've stated before that all pensions are headed either to this format or to bankruptcy, eventually.

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[TRUTH] Scott Walker Says Wisconsin Has The Only 100% Funded Pension Fund

Cohete Rojo Contributing Member

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