Overview  

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.

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  
• Group life insurance for City employees  
• Retiree health and dental insurance programs for City employees  

The ERS also oversees the City's contribution for payment of the employer's share of Social Security.