Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Milwaukee County pensions: legacy systems ask for $83.5 million in 2026 contributions; ERS funded at about 70%
Summary
Department of Human Resources reported the 2026 contribution request for the legacy pension systems and explained how the county might use an additional sales tax permitted by state law to reduce unfunded liability.
Milwaukee County's director of retirement plan services presented required informational materials on June 10 showing the 2026 contribution calculation for the county's two legacy pension plans.
Erica Bonikowski, director of retirement plan services in the Department of Human Resources, told the Committee on Personnel that the actuary calculated total 2026 contributions at $83,139,000 for the Employees' Retirement System (ERS) and $328,000 for the OBRA system, a combined total of $83,467,000. Bonikowski said about $13.5 million of that total is expected to come from employee contributions, with…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
