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The City of Milwaukee Pension Fund had a return of 1.2%, net of fees, in the third quarter of 2019. This outperformed the Fund’s blended benchmark by 0.2%. Public equity markets were slightly negative, weighed down by concerns over global economic growth, primarily due to trade tensions. The third-quarter return for the Fund’s public equity allocation was -0.1%, net of fees. Growth concerns led the U.S. Federal Reserve to cut interest rates by a quarter point in both July and September. The falling interest rates supported fixed income markets, and the Fund’s fixed income allocation was up 2.4%, net of fees. The Fund’s alternatives continued to perform well, with Private Equity up 6.4% and Absolute Return up 1.1%, respectively, net of fees. Real estate was up 1.6%, net of fees, in the second quarter of 2019, which is the most recent quarterly data available. The market value of the Fund on September 30, 2019, totaled approximately $5.34 billion, and the year-to-date return was 12.4%, net of fees.
The flu is a contagious illness caused by influenza viruses that affects millions of people each year and can lead to serious illness. The Center for Disease Control and Prevention (CDC) advises that the best way to prevent the flu is by getting vaccinated each year.
Q: Where can I get my flu shot and is it covered?
A: IF YOU HAVE CITY PLAN COVERAGE WITH UHC, FLU SHOTS ARE COVERED AT 100% with no co-pay, co-insurance or deductible (as part of preventive services under the Affordable Care Act). There are several ways retirees covered under UHC Choice and UHC Choice PLUS plans can obtain this year’s flu vaccine. UHC Choice/UHC Choice PLUS members should visit their doctors or other in-network providers. Please note that if members are seeing a provider for a non-preventive visit, they will be charged for the visit, but not the flu shot. A member may also visit a network Convenience Care Clinic, select retail pharmacy like Walgreens, CVS, Target, etc. or contracted flu shot providers. If you need additional information, please contact UHC’s customer service department at 1-800-741-8786.
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.
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Last Update: 11/27/2019