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Retirement Benefits

Pension & Deferred Compensation Income, Insurance & Lifestyle Support

Retirement Planning

Employee Pensions

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

Wisconsin Retirement System (hired after December 31, 2024)

WRS/ETF Site

Deferred Compensation

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

Contact Empower

Pension Governance (ERS & OBRA)

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

From the Desk of the Director - January Edition

Hello Milwaukee County retirees,

 Happy New Year! I am pleased to announce that in 2024, our team handled over 19,000 contacts which included about 6,000 phone calls. We also initiated almost 200 new annuities and processed over 900 lump sum payments. The RPS team is looking forward to accomplishing our 2025 goals and is in the midst of our busiest time of the year. We have begun our annual valuation, annual audit, and 1099R mailing.


Please keep in mind that 1099-Rs will be mailed by January 31, 2025. Copies will be available immediately on the Digital Self-Service site and if you need to have a physical copy resent to you, we ask that you allow 10 business days for mail time before requesting a copy.


As you go through the annual tax filing process, I wanted to remind you that changes to your Tax Withholding can be requested by email, mail, phone call, or on our Digital Self-Service Site. There were slight changes to Federal Tax Tables effective January 1, 2025 so you may see a change to the deduction. Feel free to contact us to change your withholdings.


If you have any questions about your pension, please don’t hesitate to contact us at [email protected] or 414-278-4207.

 

Previous Editions

Milwaukee County Pension Board

Members

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

Contact a Board Member

View the full list of 2025 Pension Board meeting dates.

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

Contact [email protected] for Pension Board meeting minutes and agendas from prior months.

Current Meeting Minutes & Agendas

Board Meeting

Investment Committee Meeting

Actuarial, Audit & Risk Committee Meeting

Governance Committee

Appeals & Rules Committee

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

View the full list of 2025 Pension Board meeting dates.

Retirements Processed

Congratulations to our November 2024 Retirees!

  • Patrick Budziszek
  • Ruth Campos
  • Carla Hornung
  • Christine Krizek
  • David Mason
  • Michael McCreery
  • Janel Semon
  • Susan Zimmerman

 

View Historical Reports

Market Value of Pension Fund:

Period Ending October 31, 2024

Total Fund Composite $1,720,550,090
Fixed Income Composite $303,826,779
Private Debt Composite $45,479,798
US Equity Composite $449,472,043
International Equity Composite $250,097,854
Hedged Equity Composite $105,693,974
Real Estate Composite $93,210,470
Infrastructure Composite $195,328,829
Private Equity Composite $250,263,678
Total Cash Equivalents $27,176,665

 

Additional Financial Reports

Pension Payments

Upcoming Monthly Payment Processing Dates

  • February 28, 2025
  • March 31, 2025
  • April 30, 2025
  • May 30, 2025

Contribution Withdrawal Payments

Generally, completed forms received by the 15th of a month are processed the first Thursday of the following month. 

Completed forms received after the 15th of a month are processed the third Thursday of the following month. 

Contact RPS if you have questions about your specific payment timing. 

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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 protected]

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