Retirement Plan Still Sound
Chances are either you or someone you know is a member of the State of Wyoming’s retirement system. The Wyoming Legislature turned down a bill last week to change the state retirement system to something more like a 401k plan, but the bill did raise questions about the financial stability of the system. Wyoming Retirement SystemDirector Steve Sommers says the good news is that the system is currently funded at 85-percent. He says even with the expected fluctuations, Wyoming’s system is in far better shape than most states. About one in 10 Wyomingites is a member of the state retirement system – folks such as state employees, teachers, firemen, police officers, game wardens and University of Wyoming professors and staff.
