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Investment Update

The City of Milwaukee Pension Fund had a return of 7.4%, net of fees, in the first quarter of 2019. This return outperformed the Fund’s blended benchmark by 1.6%. First-quarter GDP growth in the U.S. came in at 3.2%, 0.9% above consensus expectations. Consumer confidence remains slightly below a ten-year high while unemployment was reported at 3.8%. Markets snapped back in Q1 2019 after bottoming out in late December 2018, driven by comments from Federal Reserve Chairman Jerome Powell easing concerns of the pace of future interest rate hikes. The first quarter return for the Fund’s public equity allocation was 12.4%, net of fees, while the Fund’s fixed income and absolute return asset class returns were 4.4% and 4.1% respectively, net of fees. Real estate was up 1.7%, net of fees, in the fourth quarter of 2018, which is the most recent quarterly data available. The market value of the Fund on March 31, 2019 totaled approximately $5.29 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

Pride Fest

June 6-9

 

Military/veteran +1

Polish Fest

June 14-16

 

Military/veteran only

Mitchell Park Domes

June 28

9 am – 5 pm

Military/veteran +5

Discovery World

June 28

9 am – 4 pm

Military/veteran +5

Milwaukee Public Museum

June 29

9 am – 5 pm

Military/veteran +5

Milwaukee County Zoo*

June 30

9 am – 5 pm

Military/veteran +9

Summerfest

June 30

Noon – 3 pm

Military/veteran +4

Festa Italiana

July 21

 

Firefighters/Law Enforcement. Teachers & Military/veteran +1

German Fest

July 26-28

July 26

 

Active Military +immediate family

Military/veteran +immediate family

Wisconsin State Fair

August 11

Before 4 pm

Military/veteran +3

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 Zoo event requires advanced tickets, which you can get at your local County Veterans Service Office (CVSO). The Milwaukee office is located at 6419 W. Greenfield Ave., and the office phone number is 414-266-1234. For more information, see their flyers (3-Day Pass, Summer Events, Zoo).

 

**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: 05/30/2019

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