Human Resources
 

Retirement Benefits

Pension and Deferred Compensation Income, Insurance and Lifestyle Support

Get help with COVID-19: Apply for a small business grant, get rent or mortgage assistance, and learn more about Milwaukee County’s 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 - August

Hello Milwaukee County Retirees,

It’s hard to believe the summer is already winding down. I hope you all have at least one more opportunity to enjoy some of your favorite (socially distanced) summer activities before the season changes.

Here in RPS, we’ve been busy all summer long performing not only our routine daily tasks, but also wrapping up our required annual reporting. This includes the 2019 pension Annual Report, which was finalized last month and is available for your review

The highlights of the report include:

  • A positive opinion from the external auditor
  • 8,042 members were receiving benefits as of December 31, 2019
  • Benefit payments totaled $193.7 million in 2019
  • Funded ratio as of December 31, 2019 was 74.5%
  • Return on investments, net of fees, for 2019 was a positive 16.0%
  • The fund held $1.74 billion in assets as of December 31, 2019

We look forward to the delights that autumn brings and are hopeful that everyone remains safe and healthy during the pandemic.

Previous Editions

July Communicator

June Communicator

May Communicator

Milwaukee County Pension Board

Members

David Robles, Chairperson
Laurie Braun,Vice Chairperson
Fernando Aniban
Jeffrey Gollner
Elena LaMendola
LaValle Morgan
Ron Nelson
Himanshu Parikh

Contact a Board Member

Current Meeting Minutes and Agendas

Board Meeting

September Agenda | September Minutes

August Pension Board Meeting Cancelled Due To Recess

July Agenda | July Minutes

Investment Committee Meeting

September Agenda | September Minutes

August Investment Committee Meeting Cancelled Due To Recess

July Agenda | July Minutes

Actuarial, Audit and Risk Committee Meeting

October Agenda | October Minutes (beginning new schedule structure)

August Audit Committee Meeting Cancelled Due To Recess

July Agenda | July Minutes

Governance Committee

September Agenda | September Minutes

Appeals and Rules Committee

September Agenda | September 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!

 

Gregory Bacon Valerie Edwards Floyd Elftman James Fabian
Kathryn Fitzgerald-Sokol Thomas Flemming Michael Grochowski Steven Immekus
Susan Langer Tina Lucas Terry Mecha Charles Morris
Albert Morrow Jane Munson Kristi Nauertz Scott Pelowski
Gregory Reiman      
       
       
       
       
 
View Full Report

Pension Payments

Upcoming Payment Processing Dates

September 30, 2020
October 30, 2020
November 30, 2020
December 31, 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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