Milwaukee Public Schools’ retiree-benefit costs drop by $1 billion

A new actuarial report released Monday showed the district’s total obligation to retirees dropped to about $1.4 billion in July 2011, compared with a projected $2.4 billion when the costs were calculated in July 2009.

While the district championed the savings Monday as putting the district on a better financial footing, unanswered was the effect of a Dane County judge’s ruling Friday overturning Act 10 and what happens now as the case heads toward appeal.

Via Milwaukee Journal Sentinel.

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