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CLARK CO. WOULD SAVE $1.1-MILLION UNDER WALKER PLAN
Friday, February 18th, 2011 -- 12:21 pm
Posted by Riley Hebert-News Director
What would Gov. Scott Walker’s budget-repair bill mean for local governments?
Clark County Finance Director Terri Domaszek says the county would save about $1.1-million in 2011 if county employees are forced to pay their share of their pension.
The county has around 600 employees; most are part of the Wisconsin Retirement System. Under the system, about 11.6% of a general worker’s salary is allotted for retirement. About 16.6% of “protected” workers—such as law enforcement—is allotted.
The county is obligated to pay half that amount, but also picks up what’s supposed to the be the employee’s share.
Under Walker’s plan, the employee would pick up that 5.8%.
Domaszek projects the county and employee shares of the pension payment will be about $2.2-million 2011. If Walker’s plan is approved, that would be cut in half, saving the county about $1.1-million.
Walker is also calling for public employees to pay at least 12.6% of their health insurance premiums. That won’t affect Clark County workers, who currently pay 15%.
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