Who We Are

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

 

The Annuity and Pension Board (“Board”), consisting of eleven (11) members, administers the Retirement System. The Board consists of:

  • three representatives appointed by the President of the Common Council;
  • three representatives appointed by the Mayor;
  • three representatives elected by the active members of the ERS: one from the Fire Department, one from the Police Department, and one from the General City, each elected by the employees from that particular group of employees;
  • one member elected by retired members of the ERS; and
  • the City Comptroller, who serves as an ex-officio voting member.

 

The Board serves as trustee of the ERS funds, is charged with the proper operation of the ERS, and makes effective the provisions of the Employes’ Retirement Act (Chapter 36). The Board serves as a fiduciary with respect to the members and beneficiaries, which means that the Board has numerous duties and responsibilities imposed upon it by law. Among these duties is the duty to administer the trust exclusively in the interest of the members and beneficiaries. This means that Board members cannot be motivated by their own personal interest, the interest of the employer, or employee organizations in making decisions. The Board also has administrative responsibilities relative to the City group life insurance and retiree health insurance plans. In fulfilling these life and health insurance responsibilities, the Board does not act as a fiduciary.


City Hall

Annuity and Pension Board Members
 Name  Member  Term Expires
 Martin Matson, Chair  Ex-Officio (Comptroller)  
 Thomas Bell  Elected - Active Member - General Employees  December 31, 2020
 James Campbell  Elected - Active Member - MPD  December 31, 2021
 Deborah Ford  Appointed by Common Council President  June 14, 2018
 Larry Holland  Appointed by Mayor  February 9, 2019
 Tom Klusman  Elected Representative - Retirees  December 31, 2021
 Rudolph Konrad, Vice-Chair  Appointed by Common Council President  June 23, 2018
 Ald. Nik Kovac  Appointed by Common Council President  June 21, 2018
 Mark Nicolini  Appointed by Mayor  January 23, 2019
 Himanshu Parikh  Appointed by Mayor  July 14, 2019
Board Meeting Schedule
Month Type Date Time Agenda Minutes
January Annual 1/22/18 9:00 AM Agenda  
February Special 2/8/18 9:00 AM Agenda  
February Regular 2/26/18 10:00 AM Agenda  
March Regular 3/22/18 9:00 AM    
April Regular 4/30/18 9:00 AM    
May Regular 5/24/18 9:00 AM    
June Regular 6/25/18 9:00 AM    
July Regular 7/16/18 9:00 AM    
August None        
September Regular 9/24/18 9:00 AM    
October Regular 10/22/18 9:00 AM    
November Regular 11/26/18 9:00 AM    
December Regular 12/20/18 9:00 AM    

Note: The Board and Committee meeting dates and times shown below are the dates and times planned for these meetings. Actual dates and times may be different. All meetings are public and announced consistent with the Wisconsin Open Meetings Law. 

All of our meeting minutes and agendas are found on our Library tab.

 

Committee Meeting Schedules:
Administration and Operations Committee
Month Type Date Time Agenda Packet Minutes
January Regular 1/18/18 9:00 AM Agenda Packet  
February Regular 2/15/18 9:00 AM Agenda Packet  
March Regular 3/15/18 9:00 AM      
April Regular 4/19/18 9:00 AM      
May Regular 5/17/18 9:00 AM      
June Regular 6/21/18 9:00 AM      
July Regular 7/19/18 9:00 AM      
August None          
September Regular 9/20/18 9:00 AM      
October Regular 10/18/18 9:00 AM      
November Regular 11/15/18 9:00 AM      
December Regular 12/20/18 8:30 AM      

 

Investment Committee
Month Type Date Time Agenda Minutes
January Special 1/17/18 9:30 AM Agenda  
February Regular 2/8/18 9:10 AM Agenda  
March Regular 3/8/18 9:00 AM    
April None        
May Regular 5/10/18 9:00 AM    
June Regular 6/7/18 9:00 AM    
July Regular 7/19/18 9:15 AM    
August None        
September Regular 9/6/18 9:00 AM    
October None        
November Regular 11/8/18 9:00 AM    
December Regular 12/6/18 9:00 AM    

 

Legislative Committee
Month Type Date Time Agenda Minutes
           

Called as needed, upon referral from the Board.

 

 

The daily operations of the ERS are overseen by the officers of the ERS.

 

ERS Officers

Organization Chart

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