Legislature forms working group to look into Fire A Pension Plan
CHEYENNE — The dollars in the Wyoming Retirement System’s Fire A Pension Plan are being expended faster than they’re growing, with the account losing $42,000 a day. That means, in the minute it took you to read this paragraph, it just lost another $29.
Time is of the essence for the plan, which serves 266 pensioners and their beneficiaries, including 25 Sheridan residents. If nothing changes, the fund will be exhausted sometime in 2026.
This is the nightmare scenario for Tom Chapman, board chairman for the Wyoming Retirement System. There is no better time to start searching for a last-minute fix to ensure the pensioners’ longtime economic security, Chapman said.
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