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Wisconsin Wit

Tuesday, February 14, 2012

State of Wisconsin Academic Institutions seeking talent who PREFER 401K over Premier Defined Benefit Plan

Recently the distinguished Governor of Wisconsin, Scott Walker, has requested legislation that would allow new employees of academic institutions in the state of Wisconsin to choose 401K retirement plans over the traditional defined benefit plan. Rephrased: Governor Scott Walker is seeking academic talent for Wisconsin schools that would rather than choose the finest defined benefit plan in the nation, a plan that investment institutions have sought to emulate in their specific investments, and a benefit plan that is arguably the best in the nation---Walker is seeking the possibility that new employees would want an option to have the 401K plans that have proven to be "dismal" in performance over the past 20 years. Rephrased: Dimwits wanted to work in Wisconsin academic institutions.

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