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The Milwaukee Pension Scandal That Shook Wisconsin | Milwaukee News
In 2001, Milwaukee County struck a controversial pension deal that promised sweet perks—especially “backdrop” bonuses for retirees working past retirement age—with no limits, leading to a financial disaster when the dot-com bubble burst. The county ended up on the hook for hundreds of millions, with some retirees pocketing over $2 million. The fallout triggered recalls, resignations, austerity, and deep cuts to services like parks and transit. It also catapulted Scott Walker into national politics, fueling his anti-union agenda. Though only one official faced charges, the scandal tarnished…
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