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Retirement Benefits

Pension and Deferred Compensation Income, Insurance and Lifestyle Support

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

NSRM 2023 Financial Wellness Fair

Pension Governance

Pension Board

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

Members  |  2023 Meeting Dates

Digital Self Service

Demo

2023 Annual Pension Board Meeting

Marquette Associate's Presentation

Segal's Supplemental Valuation Presentation

County Executive Crowley


Image of current newsletter issueFrom Director Erika Bronikowski - November

Hello Milwaukee County Retirees,


Thank you for reading this edition of The Communicator! The RPS team wishes you a happy and healthy holiday season!
We are currently working on our end of year projects including the annual valuation, annual tax reporting, and open enrollment. Information on open enrollment from the Benefits Department is included with this newsletter for your reference. Retirees who have health and life insurance through Milwaukee County do not need to take action if they want to stay in the current plan.


Now, I’d like to take a brief moment to highlight the Digital Self-Service site (“DSS”) and encourage you to go paperless. DSS is our self-service site that can be used for viewing documents, submitting forms, and viewing recent pension payments. We strongly encourage all members to set up their account and consider receiving paperless statements. Paperless statements reduce the amount of paper used, reduce our mailing costs, and they are delivered mush faster than physical copies. Another reason it’s important to set up your DSS account is to ensure that bad actors do not set up your account fraudulently. It is much easier to detect fraud on an account that has already been set up by you than it is to detect fraud on an account that has been set up fraudulently in the first place. The DSS site can be found on our home page or at this link: http://mcersprodmss.v3locity.com/login


As always, please do not hesitate to reach out to our team with any questions. We can be reached at (414) 278-4207 or [email protected].

Previous Editions

October Communicator

September Communicator

August Communicator

Milwaukee County Pension Board

Members

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

Contact a Board Member

Current Meeting Minutes and Agendas

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

Board Meeting

November 15, 2023 Agenda | November 15, 2023 Minutes

September 20, 2023 Agenda | September 20, 2023 Minutes

June 28, 2023 Agenda |  June 28, 2023 Minutes

Investment Committee Meeting

November 9, 2023 Agenda | November 9, 2023 Minutes

September 12, 2023 Agenda | September 12, 2023 Minutes

July 26, 2023 Agenda | July 26, 2023 Minutes

Actuarial, Audit and Risk Committee Meeting

December 5, 2023 Agenda | December 5, 2023 Minutes

October 26, 2023 Agenda | October 26, 2023 Minutes

June 20, 2023 Agenda | June 20, 2023 Minutes

Governance Committee

November 15, 2023 Agenda | November 15, 2023 Minutes

October 18, 2023 Agenda | Rescheduled to future date

July 19, 2023 Agenda | July 19, 2023 Minutes

Appeals and Rules Committee

November 8, 2023 Agenda | November 8, 2023 Minutes

September 27, 2023 Agenda | September 27, 2023 Minutes

July 26, 2023 Agenda | July 26, 2023 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.

Trustee Ron Nelson, Chairperson

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.

Trustee Nicole Best, Chairperson

Appeals and Rules Committee

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

Trustee David Robles, Chairperson

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.

Trustee Jeremy Lucas, Chairperson

* In November and December of 2023, all meetings are one week earlier due to the holidays.

A full list of 2023 Pension Board meeting dates can be found here.

Retirements Processed

Congratulations to our October 2023 Retirees!
William Brown Johnnie Jahn Issia Julin
Stephen Kamuiru Nancy Kellett

Kenneth Macek

Ahmed Numaan Timothy Russell Sean Tourtillott
Oral Windle    

 

 

Full View Report

 

 

 


Congratualtions to our September 2023 Retirees!
Rebecca Antonicci David Burch Robin Butler
Rafael Cabrera Quiles Mary Finn-Gorski Dennis Harmon
Robert Ostrowski Cynthia Rakowski Charles Weitzel
Joseph Williams    

 

 

 

Full View Report

Pension Payments

Upcoming Payment Processing Dates

December 29, 2023
January 31, 2024
February 29, 2024
March 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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