The Employes' Retirement System (ERS) of the City of Milwaukee manages the System's $5 billion pension fund. The ERS was created by an act of the Wisconsin Legislature in 1937 to provide retirement-related benefits for members and their beneficiaries.
Our mission is to...
“Administer the Plan as provided under the City Charter, maintain member records, pay the benefits to which members are entitled, and invest and manage the funds of the Trust in a prudent and vigilant manner.”
The Annuity and Pension Board (Board) governs the ERS, and serves as trustee of the System's funds. The ERS' executive director is responsible for daily operations, and also serves as secretary for the Board.
The ERS provides a wide variety of benefits to its members and their beneficiaries, including:
- Service retirement benefits
- Disability retirement benefits
- Separation benefits
- Death benefits
- Survivorship options
- Protective survivorship options
- Group life insurance for City employees
- Retiree health and dental insurance programs for City employees
Here is a video that explains a little more about what we do.