Investment Update
As of July 31, the Fund value was $6.03 Billion, and the YTD return was 12.1%, net of fees.
Retiree Board Member Election Canceled
The Retired Annuity & Pension Board Trustee election, scheduled for November, has been canceled due to Mr. Thomas Klusman running unopposed. His new term of office will begin January 1, 2022 and will expire December 31, 2025. Mr. Klusman’s service to members and beneficiaries as a Trustee began on January 1, 2014. The next election for that Trustee seat will be scheduled for November of 2025.
2022 Open Enrollment-City Retirees Only
Health Insurance
The 2022 Open Enrollment period will be October 25, 2021 through November 12, 2021. Packets will be mailed out starting the week of October 11, 2021 to all City of Milwaukee retirees presently enrolled in a City health insurance plan. This excludes MATC, MMSD, MPS, United Water Services, and Veolia. If you do not receive your packet by October 29, 2021, call the ERS Open Enrollment Hotline at (414) 286-3689 and request that one be sent to you. If you are not currently enrolled in a City health insurance plan and wish to receive a City Open Enrollment packet, or want to request an enrollment form, call the ERS Open Enrollment Hotline at (414) 286-3689 and request that one be sent to you.
Please note that the rates for retirees under the City’s health plans will decrease for 2022 (an approximate decrease of 11% for retirees under the age of 65 years, and approximately 1% decrease for retirees 65 and over).
You can find the answers to your questions in your Retiree Benefits Guide or on the ERS website – www.cmers.com. Click on “Read More” under Open Enrollment to find links to frequently asked questions, 2022 rate charts and an online copy of the 2022 Benefits Guide. Please read your Benefits Guide carefully.
When submitting a new health enrollment form, please keep a copy for your records. ERS does not send out confirmation letters. However, if you want confirmation of receipt of this form, please enclose a self-addressed stamped envelope for this purpose.
Due to the high volume of forms received each year, we cannot confirm by phone if we have received your health enrollment form.
Life Insurance
There are no changes to the life insurance benefit design for current retirees and MetLife remains as the carrier for this benefit. This excludes MATC, MMSD, MPS, United Water Services, and Veolia. No action is required on your part if you currently participate in the City’s Life Insurance plan as a retiree. If you currently do not participate in the City’s plan as a retiree, you are not eligible to enroll in the plan. You can reduce or cancel your coverage at any time, but please note you cannot then increase or reenroll in the future.
Virtual Open Enrollment Fairs
The Fairs will be held virtually this year again due to COVID. They are scheduled for Wednesdays: 10/27 from 10a to noon, and 11/3 from 1p - 3p. CLICK HERE for details.