MADISON, Wis. — A new audit said that losses in the state of Wisconsin?s investments in 2008 will affect retired government workers for years.
The Legislative Audit Bureau report released on Friday shows that $23.6 billion in investments were lost in 2008 but $13.5 billion was gained in 2009. The total value of the state?s pension funds was $72.8 billion at the end of 2009, down from $87.8 billion in 2007.