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For City of Milwaukee Employees
If you work for an agency outside of the City, contact your HR department.
How it is calculated: For Police Officers & Firefighters
How it is calculated: For General City Members Enrolled before 1/1/2014
Global Pension Settlement Benefits and their calculations
Contributions: Money going into your account. How much and from whom varies.
Creditable Service: Generally refers to the time you have worked as a member of the ERS.
Service Credit: Same as "Creditable Service" (above.)
Grace: Service credit granted for certain periods of unpaid time off.
Military Time: Service credit granted for certain periods of military service.
Qualifying Time: To qualify for a benefit, working more than 1/2 time earns 1 year of credit.
Vesting: After 4 years of creditable service, you have rights to your pension benefit.
Withdrawal Rights: When you can withdraw your accumulated contributions.
Resignation Process: Resigning from your job starts with a written notice.
Refund Application Process: Withdrawing your funds now, instead of retiring later.
Protective Survivorship Option: Protection for a survivor if you die before you retire.
Survivor: Designated person(s) who continues to collect your pension after your death.
Beneficiary: Designated person(s), estate, or Trust who gets a payout after your death.
Reciprocity: The ERS provides a benefit to some members with prior or county service.
Death Benefit: If you die while an active employee.