Human Resources
 

Retirement Benefits

Pension and Deferred Compensation Income, Insurance and Lifestyle Support

Retirement Readiness

Employee Pensions

Employees may be eligible for the ERS or the OBRA System.

Forms  |  Ordinance

Contact RPS

Retirement Self Service

Deferred Compensation

Employees may voluntarily participate in the Deferred Compensation (457b) Plan for more retirement savings.

Contact Empower

Pension Governance

Pension Board

The 10-member Pension Board invests the assets of the pension fund and interprets ordinances regarding the pension benefit.

Members  |  2023 Meeting Dates

Digital Self Service

Demo

2023 Annual Pension Board Meeting

Marquette Associate's Presentation

Segal's Supplemental Valuation Presentation

County Executive Crowley


Image of current newsletter issueFrom Director Erika Bronikowski

Hello Milwaukee County Retirees!

I want to take this opportunity to thank you for your years of service and dedication to Milwaukee County. We are continuously working to ensure you receive the retirement benefits you’ve earned while you were in service. I’m happy to announce that we are doing just that! The 2022 Pension Board Annual Report was finalized last month and is available for your review on our website.

Last month, I mentioned the 2023 WI Act 12 legislation that permits Milwaukee County and the City of Milwaukee to adopt additional sales tax to improve the funding of our pension systems. Both the City of Milwaukee and Milwaukee County have adopted these sales taxes effective Jan. 1, 2024. This means that the current sales tax applied in Milwaukee County (5.5%) will be increasing. When both are implemented, the total sales tax paid in the City of Milwaukee will be 7.9% and the total sales tax in Milwaukee County but outside of the City of Milwaukee will be 5.9%. The additional taxes will be effective from Jan. 1, 2024, until the pension systems are fully funded, with a cap of 30 years.

This legislation requires employees hired on and after Jan. 1, 2025, to be enrolled in the Wisconsin Retirement System. This does not affect any benefits in the Employees’ Retirement System of Milwaukee County that are currently being earned or received, so your pension benefits are unaffected. An email box has been set up for incoming questions on the sales tax legislation so feel free to send a message if you have questions to: [email protected].

As always, do not hesitate to contact our team with questions about your ERS pension. We can be reached at [email protected] or (414) 278-4207.

Previous Editions

July Communicator

June Communicator

May Communicator

Milwaukee County Pension Board

Members

David Robles, Chairperson
Ron Nelson, Vice Chairperson
Himanshu Parikh
Nicole Best
Kessha Hobson
Robert Worzalla
Jeremy Lucas
Anthony Johnson
Adam Abelson

Contact a Board Member

Current Meeting Minutes and Agendas

Meetings are currently conducted virtually unless otherwise noted below. Refer to meeting agendas for information on how to access the virtual meeting.

Board Meeting

September 20, 2023 Agenda | September 20, 2023 Minutes

June 28, 2023 Agenda |  June 28, 2023 Minutes

May 17, 2023 Agenda |  May 17, 2023 Minutes

Investment Committee Meeting

September 12, 2023 Agenda | September 12, 2023 Minutes

July 26, 2023 Agenda | July 26, 2023 Minutes

June 30, 2023 Agenda | June 30, 2023 Minutes

June 26, 2023 Agenda | June 26, 2023 Minutes

Actuarial, Audit and Risk Committee Meeting

AUGUST RECESS

June 20, 2023 Agenda | June 20, 2023 Minutes

March 22, 2023 Agenda | March 22, 2023 Minutes

January 25, 2023 Agenda | January 25, 2023 Minutes

Governance Committee

AUGUST RECESS

July 19, 2023 Agenda | July 19, 2023 Minutes

May 31, 2023 Agenda | May 31, 2023 Minutes

April 11, 2023 Agenda | April 11, 2023 Minutes

Appeals and Rules Committee

September 27, 2023 Agenda | September 27, 2023 Minutes

July 26, 2023 Agenda | July 26, 2023 Minutes

May 4, 2023 Agenda | May 4, 2023 Minutes

March 8, 2023 Agenda | March 8, 2023 Minutes

Contact RPS for Pension Board meeting minutes and agendas from prior months.

Pension Board Committees

Investment Committee

The Investment Committee: Reviews investments, asset allocation, portfolio performance by investment managers, and investment policy. The operation of this committee is fundamental to the investment performance of the pension fund.

Trustee Ron Nelson, Chairperson

Actuarial, Audit and Risk Committee

The Actuarial Audit and Risk Committee: Oversees the internal audit activities and services, whether by outside auditors of Milwaukee County. Responsibility includes working with audit or actuarial firms as well as providing for review and recommendations to the Pension Board.

Trustee Nicole Best, Chairperson

Appeals and Rules Committee

The Appeals and Rules Committee: Provides hearings for members appealing determinations by ERS. Reviews rules and proposed changes. The committee forwards recommendations for Pension Board consideration on the matters heard by the committee.

Trustee David Robles, Chairperson

Governance Committee

The Governance Committee: Reviews board and committee charters, provides board member training, evaluation, and education, communicates with stakeholders, which includes policy makers, retirees, vested members, Retirement Plan Services, and those affected by Pension Board policy and operation. Provides Pension Board and RPS strategic planning.

Trustee Jeremy Lucas, Chairperson

* In November and December of 2023, all meetings are one week earlier due to the holidays.

A full list of 2023 Pension Board meeting dates can be found here.

Retirements Processed

Congratulations to our May 2023 Retirees!
Douglas Frievalt Robert Kling Carol Limberg
Vijay Mehta Lisa Olson Cheryl Schattschneider
Sandra Simuncak Matthew Sullivan
 

Full View Report

Pension Payments

Upcoming Payment Processing Dates

September 29, 2023
October 31, 2023
November 30, 2023
December 29, 2023
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  When are pension payments issued?

Monthly pension payments are issued on the last business day of the month. If you have not received your monthly pension payment, please allow three to five business days for your bank to process the funds. If three to five days have passed and you have not received your monthly pension payment, contact Retirement Plan Services.

  What do I do if I do not receive my monthly pension payment?

If you have not received your monthly pension payment, please allow three to five business days for your bank to process the funds. If three to five days have passed and you have not received your monthly pension payment, contact Retirement Plan Services.

If you have switched banks and have not updated your direct deposit information, contact Retirement Plan Services to have the account information updated and the payment reissued.

  How do I update my direct deposit information?

Complete and submit a Direct Deposit Form to update your direct deposit information. You may print the form from our website, or contact Retirement Plan Services to receive a copy of the form. All updates to direct deposit information must be submitted in writing. We cannot update account information over the phone.

  Can I receive a paper check?

To ensure your privacy and enhance payment security, we do not issue paper checks. As an alternative to direct deposit, you may request to receive your pension payment on a Focus Card.

MILWAUKEE COUNTY DEPARTMENT OF HUMAN RESOURCES

Milwaukee County Courthouse
901 N. 9th St. Room 210
Milwaukee, WI 53233
(414) 278-4143 (Main Phone)
(877) 652-6377 (Main Toll Free)
(414) 223-1379 (Fax)
Email

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