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Retirement Benefits

Pension and Deferred Compensation Income, Insurance and Lifestyle Support

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Employee Pensions

Employees Retirement System (hired before January 1, 2025) and OBRA (seasonals)

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Wisconsin Retirement System (hired after December 31, 2024)

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

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Pension Governance (ERS and OBRA)

Pension Board

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

Members  |  2024 Meeting Dates

Historical Pension Contribution Rates

2024 Annual Pension Board Meeting


Image of current newsletter issueFrom Director Erika Bronikowski - May

Hello Milwaukee County Retirees,


I hope this newsletter finds you well! The Retirement Plan Services Team has been busy completing our annual audit, annual valuation, and annual report of the Pension Board and we are looking forward to a warm, Wisconsin summer!


As I mentioned in the last Communicator, Milwaukee is the host of the Republican National Convention (RNC) in mid-July and we anticipate some disruptions to our services due to the proximity of our office to the convention events. Our office will be closed to walk-ins and appointments from July 11th to July 22nd due to the setup, take down, and conference events. Based on the limited security information and event information currently available, we expect there will be significant challenges to navigating the city near our office. We anticipate that there will be security checkpoints, very limited parking, disrupted bus routes, and significantly increased traffic levels. Our team is planning to work remotely July 11th through 22nd so we will be able to process incoming calls and electronic requests timely. We will have access to incoming mail but it may be delayed. We strongly recommend that you arrange for any requests to our office to be made prior to July 11th or after July 22nd to ensure our team receives them and can process them in a timely fashion.


I appreciate your flexibility and patience with us during this unprecedented event and please do not hesitate to reach out to us if you have any questions (414-278-4207 or [email protected]).

 

 Previous Editions

April Communicator

March Communicator

February Communicator

Milwaukee County Pension Board

Members

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

Contact a Board Member

 

A full list of 2024 Pension Board meeting dates can be found here.

Current Meeting Minutes and Agendas

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

Board Meeting

May 22, 2024 Agenda | May 22, 2024 Minutes

April 24, 2024 Business Meeting Agenda | April 24, 2024 Business Meeting Minutes

April 24, 2024 Presentations Agenda | April 24, 2024 Presentations Minutes

February 21, 2024 Agenda  |  February 21, 2024 Minutes

Investment Committee Meeting

May 21, 2024 Meeting - CANCELLED

February 13, 2024 Agenda | February 13, 2024 Minutes

Actuarial, Audit and Risk Committee Meeting

March 21, 2024 Agenda | March 21, 2024 Minutes

February 1, 2024 Agenda | February 1, 2024 Minutes

December 5, 2023 Agenda | December 5, 2023 Minutes

Governance Committee

January 18, 2024 Agenda | January 18, 2024 Minutes

November 15, 2023 Agenda | November 15, 2023 Minutes

October 18, 2023 Agenda | Rescheduled to future date

Appeals and Rules Committee

May 8, 2024 Agenda | May 8, 2024 Minutes

March 13, 2024 Agenda | March 13, 2024 Minutes

January 10, 2024 Agenda | Janaury 10, 2024 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.

Committee Chairperson: Trustee Anthony Johnson

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.

Committee Chairperson: Trustee Nicole Best

Appeals and Rules Committee

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

Committee Chairperson: Trustee David Robles

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.

Committee Chairperson: Trustee Adam Abelson

 

A full list of 2024 Pension Board meeting dates can be found here.

Retirements Processed

Congratulations to our January 2024 Retirees!
Loretta Burrows Margie Burton Dawn Drellos
Katherine Lageman Laurice Mcginnis-Lincoln

Daisy Ollie-Robinson

Janice Osborne Damaris Pichardo Susan Rand
Melodie Siemers Holly Szablewski Dennis Walschinski
Joline Wudtke Daniel Zollner  

 

 

Full View Report


Congratulations to our December 2023 Retirees!

Larry Albright Mark Anastasi Susan Arteaga
Wesley Berger Vincent Collura Scott Ducharme
Julie Esch Trudie Johnson Tarita Luckett
Lisa Marks Karen Merriweather Barbara Scott-Bielawski
Linda Weber    

 

Full View Report


View Historical Reports

Pension Payments

Upcoming Payment Processing Dates

May 31, 2024
June 28, 2024
July 31, 2024
August 30, 2024
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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)
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