Human Resources
 

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

Pension Governance

Pension Board

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

Members  |  2021 Meeting Dates


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

Hello Milwaukee County Retirees,

I’m happy to announce that the 2020 Pension Board Annual Report was finalized last month and is available for your review.

The highlights of the report include:

  • A positive opinion from the external auditor
  • 8,001 members were receiving benefits as of Dec. 31, 2020
  • Benefit payments totaled $199.8 million in 2020
  • Funded ratio as of Dec. 31, 2020 was 75.3%
  • Return on investments, net of fees, for 2020 was a positive 10.7%
  • The fund held $1.79 billion in assets as of Dec. 31, 2020

The Labor Day holiday will be right around the corner when you receive this newsletter. I’d like to take this opportunity to recognize the Retirement Plan Services staff for all of their hard work and dedication. I’d also like to thank you, our retirees, for everything you’ve done to provide services for Milwaukee County. We are continuously working to ensure you receive the retirement benefits you’ve earned while you were in service.

Celebrate a job well done as you enjoy the company of family and friends on this Labor Day and thank you for your contributions to Milwaukee County’s success.

Previous Editions

July Communicator

June Communicator

May Communicator

Milwaukee County Pension Board

Members

David Robles, Chairperson
Ron Nelson, Vice Chairperson
Fernando Aniban
Jeffrey Gollner
Elena LaMendola
Himanshu Parikh
Nicole Best
Kessha Hobson
Robert Worzalla

Contact a Board Member

Current Meeting Minutes and Agendas

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.

Board Meeting

September Agenda | September Minutes

June Agenda | June Minutes

May Agenda | May Minutes

Investment Committee Meeting

September Agenda | September Minutes

May Agenda | May Minutes

Actuarial, Audit and Risk Committee Meeting

June Agenda | June Minutes

March Agenda | March Minutes

Governance Committee

September Agenda | September Minutes

July Agenda | July Minutes

Appeals and Rules Committee

September Agenda | September Minutes

July Agenda | July Minutes

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

Pension Chair Charters

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 Fernando Aniban, 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 Elena LaMendola, Chairperson

* In November and December of 2021, all meetings are one week earlier due to the holidays.

A full list of 2021 Pension Board meeting dates can be found here.

Retirements Processed

Congratulations to our May 2021 retirees!

 

Susan Black Patrice Brown Bernestine Burries Mark Cesar
Carol Coates James Cofta James Jarvis Thomas LaMothe
Bryan Lee Nada Mcguire Jeffrey Nicols Evangeline Tio
Steven Turner Judith Urban Charles Wikenhauser David Wilson
Barbara Wood Ada Wright T Anthony Zielinski  
 

Full View Report

Pension Payments

Upcoming Payment Processing Dates

September 30, 2021
October 29, 2021
November 30, 2021
December 31, 2021

 

 

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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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