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UW, state pensioners often return to work
Public employers with large numbers of returning pensioners in 2013 included the University of Wisconsin System (345), state employees (336), county employees (244), municipalities (210) and technical colleges (118). Those totals were generally proportional with the number of employees from each group that participate in WRS.
School district employees came back to the public sector most frequently. In 2013, 59 percent of the 3,205 WRS pensioners who returned to work had retired from school districts. School employees make up 42 percent of active retirement system Nike Ladies Sweatshirts
"Obviously they have a great understanding of our school, our programs, our curriculum," said Vicky Holt, Neenah's assistant district administrator of human resources. "It's great continuity for our district."
General employees, teachers and elected officials can get pensions as early as 55 years old, but the benefit is reduced for anyone under 65.
Counties: 244 (7.6 percent)
3000 Wisconsin pensioners rehired in 2013
School districts: 1,878 pensioners (58.6 percent)
State of Wisconsin: 336 (10.5 percent)
Cities, towns and villages: 210 (6.6 percent)
Technical colleges: 118 (3.7 percent)
The state began tracking rehired pensioners afterconcerns over so called "double dipping" simultaneously drawing a pension and a salary prompted a 2012 state audit and a 2013 law that limits public sector retirees' ability to return to work and collect a pension. Critics of retirees returning to the public sector workforce say such employees are abusing the intent of the retirement system, while proponents argue retirees bring a wealth of experience and a lower cost since they can't receive additional contributions to the Wisconsin Retirement System.
As of December 2012, the latest year for which data are available, the system had 256,833 active employees, 173,655 annuitants and 159,973 inactive employees those who are not currently in a WRS eligible position but previously earned benefits payable at retirement.
Other: 74 (2.3 percent)
The Neenah Joint School District in Winnebago County had 43 pensioners return to work at a public employer of some kind last year, fifth most among state school districts and ahead of many significantly larger districts. Districts with the most returning retirees included Green Bay (46), Sheboygan (36), Wausau (36) and Appleton (30).
University of Wisconsin System: 345 (10.8 percent)
municipal employees excluding Milwaukee and Milwaukee County. About one third of those employers had at least one employee retire and return to public sector employment in 2013, according to the data.
About 1,500 public sector employers participate in WRS, the public pension fund used by school district, state and Nike Jacket Grey
For Neenah, about 15 percent of the district's substitute teacher pool consists of retired teachers.
More than 3,000 public sector retirees returned to work for a public employer while drawing a pension from the Wisconsin Retirement System last year, the first year the state tracked such movement.
Source: state Department of Employee Trust Funds, which administers the Wisconsin Retirement System for public sector employees.
A 2012 annual report said the average WRS pensioner retires at age 59.5 and receives an annual pension of $23,673. General employees a group that includes all but police, fire, teachers and elected officials left with an average of 22 years of service.
Pension recipients collecting a paycheck in 2013
Source: Department of Employee Trust Funds, State of Wisconsin Investment Nike Tracksuit New 2017 Board
The State of Wisconsin Investment Board manages the investment of pension funds, while the Department of Employee Trust Funds administers the system, collecting and disbursing money, and establishing procedures. With $93.6 billion in assets, WRS is the only public pension fund in the country that is fully funded, Nike Windrunner Jacket Black
Breakdown indicates the entity that public sector employees retired from before being rehired into another public sector job in 2013.
DATABASE: PUBLIC EMPLOYEES REHIRED AFTER RETIREMENT, BY EMPLOYER
Most public employees in Wisconsin receive retirement benefits through the Wisconsin Retirement System, a public pension fund available to state, municipal and school district employees. Milwaukee and Milwaukee County employees have separate systems.
WRS employers typically contributed the equivalent of 10 percent of an employee's annual salary to the fund until the passage of Act 10 in 2011, when employees began making half the contribution themselves. Employees retiring from WRS eligible positions can receive pensions as annuities ongoing monthly payouts or lump sums that are paid out at separation, retirement or death.
That means about one third of the public employees who retire in a typical year return to public sector work at some point, according to data obtained by the Gannett Wisconsin Media Investigative Team from the state Department of Employee Trust Funds, which administers the system.
meaning it has enough money on hand to fulfill its pension obligations.
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