Wisconsin Act 10 Enables Milwaukee Public Schools to Address Its Unfunded Liability

Mike Ford:

Wednesday I wrote about some of the ways collective bargaining can have a monetary cost. Last night the Milwaukee Public Schools (MPS) provided an example of how its reform has given local governments a path to financial stability. The MPS board, reports Erin Richards in the Milwaukee Journal Sentinel, approved by a vote of 6-3 a set of reforms projected to reduce the district’s post-retirement benefit liability by $900 million over the next thirty years.