MPS’ tough-but-necessary actions cut $1.4 billion from long-term retiree benefit costs, including $117 million annually

September 17, 2012   // 0 Comments

Tough-but-necessary actions undertaken by Milwaukee Public Schools have cut the district’s long-term retiree health and life insurance benefit liabilities by $1.37 billion – including cost reductions of more than $117.2 million annually – as of fiscal year 2012. “This is an important step upon which we will continue to build,” Board President Michael Bonds said. “We will continue to offer high-...

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