Financial Reports & Policies

Investment Update

The City of Milwaukee Pension Fund had a return of 3.5%, net of fees, in the first quarter of 2021. This return outperformed the Fund’s blended benchmark by 0.4%. Accelerating COVID-19 vaccine distribution helped create confidence in a re-opening U.S. economy, with GDP growth coming in at an annualized rate of 6.4%. This caused a continued rally in risk assets, while interest rates rose as well. The first quarter return for the Fund’s public equity allocation was 7.8%, net of fees, while the Fund’s absolute return asset class was up 1.7%, net of fees. Rising interest rates caused bond prices to fall, leading to a return of -2.7% for the Fund’s fixed income allocation. Real estate was up 2.6%, net of fees, in the fourth quarter of 2020, which is the most recent quarterly data available. The market value of the Fund on March 31, 2021 totaled approximately $5.69 billion.

3/31/2021 Allocation

 

Financial Reports

Annuity & Pension Board's Report

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Actuarial Valuations

ERS - 2021

ERS - 2020

ERS - 2019

ERS - 2018

ERS - 2017          PABF - 2017

ERS - 2016          PABF - 2016

ERS - 2015          PABF - 2015

ERS - 2014          PABF - 2014

ERS - 2013          PABF - 2013

ERS - 2012          PABF - 2012

ERS - 2011          PABF - 2011

 

Capital Market Summaries

2021: 1Q 

2020: 1Q    2Q    3Q    4Q

2019: 1Q    2Q    3Q    4Q

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

 

GASB 67 Plan Reports

2019

2018

 

Note: Prior to 2018, GASB 67 Plan Reports were included as a part of our actuarial valuations.

Comprehensive Annual Financial Reports / Financial Statements

2019

2018

2017

2016

2015

2014

2013

2012

2011

 
Schedules of Employer Allocations and Pension Amounts

2019

2018

2017

2016

2015

2014

 
Report on Internal Controls

2019

2018

2017

2016

 

Kuhns' Survey of Large Pension Funds

2019

2018

2017

2016

2015

2014

2013

2012

 

Performance Reports

2021: 1Q

2020: 1Q    2Q    3Q    4Q

2019: 1Q    2Q    3Q    4Q

2018: 1Q    2Q    3Q    4Q

2017: 1Q    2Q    3Q    4Q

2016: 1Q    2Q    3Q    4Q

top