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County retirement staff report 2025 legacy pension contribution estimates; actuary recalculates slightly lower amount
Summary
Milwaukee County retirement staff presented the annual informational report on legacy pensions (ERS and OBRA), updating the committee on recalculated 2025 contribution requirements, WRS enrollments and the use of new sales tax revenue for employer contributions.
Milwaukee County retirement staff presented an informational report Tuesday on the county's legacy pension contributions for 2025, telling the Committee on Personnel that actuarial recalculation reduced the county's estimated required payment for the county Employees' Retirement System (ERS) and the seasonal OBRA pension.
The retirement plan services director (name not specified on the record) told supervisors that the 2025 contribution estimate prepared on Jan. 1, 2024, had originally totaled $85,900,000 — $85,500,000 for ERS and $420,000 for the OBRA seasonal pension — and that, as of the report submission date,…
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