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

Members  |  2024 Meeting Dates

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2024 Annual Pension Board Meeting

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Image of current newsletter issueFrom Director Erika Bronikowski - August

Hello Milwaukee County Retirees,

Welcome to the latest edition of the Communicator newsletter! As we approach Labor Day, we want to extend our warmest wishes and heartfelt thanks for your dedicated service to Milwaukee County. In our ongoing effort to keep you informed, we’re pleased to share that the 2023 Pension Board Annual Report is available for review on our website: 2023 Pension Board Annual Report. Here are some key highlights from the report:

  • Membership: As of December 31, 2023, there are 12,466 members in the ERS including7,753 members receiving benefits, 1,233 inactive members entitled to a future benefit, and3,480 active members earning a benefit.
  • Benefit Payments: The total benefit payments for 2023 reached $199.4 million.
  • Funded Ratio: The funded ratio as of December 31, 2023 stands at 70.1%.
  • Investment Return: The return on investments, net of fees, was 10.8% for 2023.
  • Assets: The fund held $1.71 billion in assets as of December 31, 2023.

We hope this information provides you with a clear view of the current status of the pension fund. Should you have any questions or need further assistance regarding your ERS pension, please don’t hesitate to reach out to us at [email protected] or 414-278-4207.

Sincerely,

Erika Bronikowski

 

Previous Editions

July Communicator

June Communicator

May Communicator

 

Milwaukee County Pension Board

Members

David Robles, Chairperson
Anthony Johnson, Vice Chairperson
Himanshu Parikh
Nicole Best
Kessha Hobson
Jeremy Lucas
Adam Abelson
Daniel Walton

Contact a Board Member

 

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

Current Meeting Minutes & Agendas

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

Board Meeting

July 10, 2024 Training Agenda | July 10, 2024 Training Minutes

June 26, 2024 Agenda | June 26, 2024 Minutes

May 31, 2024 Special Meeting Agenda | May 31, 2024 Special Meeting Minutes

May 22, 2024 Agenda | May 22, 2024 Minutes

Investment Committee Meeting

September 10, 2024 Agenda  |  September 10, 2024 Minutes

June 24, 2024 Agenda | June 24, 2024 Minutes

May 21, 2024 Meeting - Rescheduled to June 24, 2024.

February 13, 2024 Agenda | February 13, 2024 Minutes

Actuarial, Audit & Risk Committee Meeting

June 20, 2024 Agenda | June 20, 2024 Minutes

March 21, 2024 Agenda | March 21, 2024 Minutes

February 1, 2024 Agenda | February 1, 2024 Minutes

Governance Committee

July 25, 2024 Agenda | July 25, 2024 Minutes

January 18, 2024 Agenda | January 18, 2024 Minutes

November 15, 2023 Agenda | November 15, 2023 Minutes

Appeals & Rules Committee

September 18, 2024 Agenda  |  September 18, 2024 Minutes

July 24, 2024 Agenda | July 24, 2024 Minutes

May 8, 2024 Agenda | May 8, 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 & 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 & 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 May 2024 Retirees!

Erma Lee Averhart

Serena Burks-Kearney

Steven Drummond

Roxanne Farrell

Rose Gonzalez

Michael Johnson

Ternase Jones

Linda Jones

Ronald LaGosh

Paulette Laster

Lisa Parker

Maryann Proctor-Brown

Brian Reynolds

Jordon Robison

Shirley Walczak

  

 

Full View Report

 

View Historical Reports

Additional Financial Reports

Pension Payments

Upcoming Payment Processing Dates

August 30, 2024
September 30, 2024
October 31, 2024

November 29, 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)
Email

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