Latest News

This Month's News

Investment Update

The City of Milwaukee Pension Fund had a return of 3.4%, net of fees, in the second quarter of 2019. This return underperformed the Fund’s blended benchmark by 0.5%. This brings the Fund’s first half of 2019 return to 11.1%, net of fees, compared to 10.0% for the benchmark. The U.S. Federal Reserve signaled it was open to interest rate cuts amid downside risks associated with slowing global growth and trade disputes. Most central banks eased monetary policy or signaled their intention to do so in the second quarter, supporting markets. U.S. labor conditions remained resilient during the quarter with the unemployment rate falling to 3.6%, the lowest level since 1969. Against this backdrop, the Fund reported positive second quarter returns for all asset classes. The Fund’s public equity allocation was up 3.2%, while the Fund’s fixed income return was 3.5%, and the absolute return asset class return was 3.5%, all net of fees. Real estate was up 1.1%, net of fees, in the first quarter of 2019, which is the most recent quarterly data available. The market value of the Fund on June 30, 2019 totaled approximately $5.37 billion

 

2019 Summer Fun for Military/Veterans and their Families

Are you looking for free family-friendly events for the summer? Many events and attractions open their doors to those with proof of some form of military ID (includes spouses of deployed service members). Here is a list of some of these…

 

Free Attraction / Event

Dates

Times

Free For:

Milwaukee Art Museum

May 18 – Labor Day

 

Military/veteran +5

Irish Fest

August 15-18

August 17

 

Active Military

Military/veteran

Mexican Fiesta

August 24-25

Noon – 1 pm

Senior citizens 65 & older, people w/disabilities & Military/veteran only

 

**The Milwaukee Brewers are offering up to 8 tickets at half price for various games this season. This offer is good for active-duty military and veterans verified by ID.me. For information or to purchase tickets go to https://www.mlb.com/brewers/tickets/specials/military.

Check out the Rest of our Website

You are a member of the ERS, and membership has its privileges. One of those privileges is access to the portion of our website that is all about you. We call it ERS Member Self Service. Click here for more details.

 

Also...

Other recent news can be found on the most recent newsletter.

Other important information can be found on our Frequently Asked Questions page.

Last Update: 8/14/2019

top