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Capitol Newsleter: Wary feelings on pension changes
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A Republican legislator is proposing a change in how the Wisconsin Retirement System (WRS) calculates initial pensions, creating a mild case of jitters among those who work for state and local governments. The WRS is the ninth-largest pension system nationally and covers more than 500,000 persons, many still working and some who have left governmental service. The major exemptions are Milwaukee County and the City of Milwaukee which have separate retirement programs for their workers.