Global Pension System (GPS) Overview

The GPS is a settlement between the City, City agencies, employee and retiree organizations that approved fundamental changes to the pension plan. GPS applies only to participants who consented to the settlement and were members of ERS as of 1/1/2000.

The ERS and the Annuity and Pension Board have been charged with the responsibility of implementing the GPS. The GPS provides 18 different benefits (some of which are new and some of which are improvements to existing benefits). These benefits include one-time lump sum bonus payments; additional service credits (which will be factored into pension calculations); improved and expanded Cost of Living Adjustments (COLAs); and new service/age requirements that improve eligibility for service retirement. The Benefit Payment Chart describes each GPS benefit.

No ERS participant will receive all 18 benefits. Some participants qualify for more of these benefits than do other participants. Eligibility for each benefit varies according to employee type, January 1, 2000 membership status, and other factors. In fact, about 40,000 different recipient and benefit combinations can be identified under GPS.

Under the GPS every consenting participant has a contractual and vested right to the pension benefits (including GPS benefits) in the amount and on the terms and conditions as provided in the law on January 19, 2001. In exchange, several pending lawsuits against the City of Milwaukee and the ERS have been dismissed and structural changes have been made in the ERS, which will save Milwaukee taxpayers between $10 million and $26 million per year.

Consent Information

 

Over 97% of ERS members, who are eligible, have consented to the GPS.

If you have not consented to the settlement, you can consent by downloading and completing a Global Pension Settlement Consent Form.  You may also obtain a consent form at the pension office, which is located at 789 North Water Street, Suite 300 or through the mail. To request that a consent form be mailed to you, contact the Employes' Retirement System at 414-286-3557 (or toll free at 1-800-815-8418).

 

Benefit Payment Chart

Key: ERS Membership Status

 

Retired as of 1/1/2000 Retired/Inactive Members as of 1/1/2000 Active on 1/1/2000 Active Members as of 1/1/2000 Enrolled After 1999 Enrolled After 1999

 

The 18 GPS Benefits General City Police Fire
5% Lump Sum Bonus Retired as of 1/1/2000 Active on 1/1/2000 Retired as of 1/1/2000 Active on 1/1/2000 Retired as of 1/1/2000 Active on 1/1/2000
Retiree Special Bonus (with Overpayment Offset) Retired as of 1/1/2000   Retired as of 1/1/2000   Retired as of 1/1/2000  
Date of Death Value for Allowance to Spouse Survivor Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
1.5%/2% COLA Expansion/Improvement; 8 variations Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000   Retired as of 1/1/2000  
CPI COLA Expansion/Improvement – Firemen & Policemen; 5 variations    Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
2% Guarantee for CPI COLA – Firemen & Policemen (Post-1997 Service Retirements)    Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
Guaranteed Payment of COLAs Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
Military Service Credit Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999 Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
Military Service Credit Cash Bonus Retired as of 1/1/2000   Retired as of 1/1/2000   Retired as of 1/1/2000  
PSO Reselect – General City Employees Active on 1/1/2000 Enrolled After 1999      
Retirement with 25 Years of Service – Policemen    Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999   
Retirement at Age 49 with 22 Years of Service – Firemen       Retired as of 1/1/2000 Active on 1/1/2000 Enrolled After 1999
Imputed Service Credit – Firemen and Policemen    Active on 1/1/2000 Active on 1/1/2000
Refund of 1.6% Contribution – General City Employees Enrolled After 1999      
F&P Survivorship Fund (“the Fund”) Dissolution
$300/$600 per Month for Eligible Fire & Police Beneficiaries
   Retired as of 1/1/2000   Retired as of 1/1/2000  
2 Years Imputed Service Credit for Eligible Police who were Active Fund Members on 1/1/2000    Retired as of 1/1/2000 Active on 1/1/2000   
8.6% Lump Sum Bonus for Eligible Fire & Police who were Active Fund Members on 1/1/2000    Retired as of 1/1/2000 Active on 1/1/2000 Retired as of 1/1/2000 Active on 1/1/2000
Lump Sum Payment for Surviving Former Fund Members Retired as of 1/1/2000 Active on 1/1/2000 Retired as of 1/1/2000   Retired as of 1/1/2000  

 

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