Number
230362
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. PEREZ
Title
A substitute charter ordinance relating to the employes’ retirement system.
Sections
36-01 am
36-02-2.5 am
36-02-8 am
36-02-13 am
36-02-17.5 rc
36-03-6-k cr
36-03-7 cr
36-08-6-h-2 am
36-08-6-h-3 rn
36-08-6-h-3 cr
36-13-2-i cr
36-14 rc
36-15-15 rc
Analysis
This ordinance revises Chapter 36 of the Milwaukee City Charter to close the Employes’ Retirement System to new members after December 31, 2023, and to comply with other provisions of 2023 Wisconsin Act 12.
Body
Whereas, 2023 Wisconsin Act 12 was enacted on June 20, 2023; and
Whereas, 2023 Wisconsin Act 12 imposes changes upon the retirement systems of 1st class cities that adopt a sales and use tax ordinance under s. 77.701(1), Wis. Stats.; and
Whereas, The City of Milwaukee adopted a sales and use tax ordinance under s. 77.701(1), Wis. Stats., on July 11, 2023; and
Whereas, Chapter 36 of the Milwaukee City Charter must be amended to conform to the various requirements of 2023 Wisconsin Act 12, including closing the Employes’ Retirement System to new members after December 31, 2023; now, therefore
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-01 of the charter is amended to read:
36-01. Purpose.
The retirement system provided for herein shall be maintained by the city and by such agencies as are included specifically within the provisions of this chapter to assure and guarantee the payment of retirement and other benefits to persons covered by this chapter and to their beneficiaries and to such other person who are authorized by the provisions of this chapter to receive benefits. If a person is a member of either the firemen’s annuity and benefit fund or the policemen’s annuity and benefit fund then he shall be ineligible to participate as a member in this system. The purpose of this chapter shall further be to safeguard and protect the funds of such retirement system ...
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