Human Resources
 

Retirement Benefits

Pension and Deferred Compensation Income, Insurance and Lifestyle Support

It's important that everyone take steps to reduce the spread of Coronavirus Disease 2019 (COVID-19). Find out more about COVID-19 and our ongoing response.

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  |  2020 Meeting Dates


Image of current newsletter issueFrom the Director's Desk - June

Hello Milwaukee County Retirees,

I hope the June Communicator finds you well. The past few months have been, in some ways, turbulent with a global pandemic, market conditions changing daily, and widespread protesting. The Retirement Plan Services team has been able to continue operations and the Milwaukee County Pension Board has been able to continue meeting virtually to ensure the pension system is prudently managed. While we are taking care of the pension system, we hope that you are taking time for self-care and recharging your batteries during these unprecedented times.

One way our team has been able to improve our efficiency is by reducing our use of paper. Retirement Plan Services has taken the first step toward reducing the amount of physical mail that is sent on a regular basis by updating our computer system. While we cannot offer emailed or texted direct deposit statements yet, we can now take requests for retirees who would like to opt out of receiving monthly direct deposit notices in the mail. If you would like to opt out of receiving physical direct deposit notices, please contact our office and we can process your request. The information in the Communicator and in direct deposit notices can still be accessed virtually if you opt out of physical mailing.

This Communicator should be arriving just before Independence Day. I want to thank all of the Milwaukee County retirees who have served our country and fought to protect the freedoms we enjoy today.

Previous Editions

May Communicator

April Communicator

March Communicator

Milwaukee County Pension Board

Members

Michael S. Harper, Chairperson
Laurie Braun, Vice Chairperson
Fernando Aniban
Linda Bedford
Jeffrey Gollner
Elena LaMendola
LaValle Morgan
Ron Nelson
Himanshu Parikh
David Robles

Contact a Board Member

Current Meeting Minutes and Agendas

Board Meeting

July Agenda | July Minutes

June Agenda | June Minutes

May Agenda May Minutes

Investment Committee Meeting

July Agenda | July Minutes

June Agenda | June Minutes

May Investment Committee Meeting Cancelled

Audit Committee Meeting

July Agenda | July Minutes

June Agenda June Minutes

May Agenda | May Minutes

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

Pension Board Meeting Schedules

In light of the recent growth of the COVID-19 pandemic, meetings will be conducted virtually. Refer to meeting agendas for information on how to access the virtual meeting.

 

Monthly Pension Board Meeting

The Pension Board meets the fourth Wednesday of each month starting at 8:30 a.m. at The Marcus Center, Green Room, 127 E. State St.

Investment Committee Meeting

The Investment Committee meets the second Monday of each month starting at 2:30 p.m. at the Milwaukee County Courthouse, 901 N 9th St., Room 203P.

Audit Committee Meeting

The Audit Committee meets the second Thursday of each month starting at 1:30 p.m. the Milwaukee County Courthouse, 901 N. 9th St., Room 210 CA.

* In November and December of 2020, all meetings are one week earlier due to the holidays.

A full list of 2020 Pension Board meeting dates can be found here.

Retirements Processed

Congratulations to our newest retirees!

 

Michael Bohnert Grady Gardner Karen Gerke Margaret Gibbs-Zautke
Celi Jeske Ivana Miles Daniel Petersdorff Cynthia Shakula
Debbie Suardini Sandra Todd Deborah Zangl  
       
       
       
       
       
       
 
View Full Report

Pension Payments

Upcoming Payment Processing Dates

July 31, 2020
August 31, 2020
September 30, 2020
October 30, 2020

 

 

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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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