City of Milwaukee - File #: 100689

• File #: 100689
• Version: 0
• Type: Resolution
• Status: Passed
• File created: 10/12/2010
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 11/5/2010
• Title: Resolution related to the deposit of $17.35 million in the Employer’s Reserve Fund by the City to the Employes Retirement System.
• Sponsors: THE CHAIR
• Indexes: EMPLOYES RETIREMENT SYSTEM, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
11/15/2010	0	MAYOR	SIGNED
11/5/2010	0	COMMON COUNCIL	ADOPTED	Pass	15:0
11/3/2010	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR ADOPTION; Minutes note: Individual appearing: Dennis Yaccarino, Office of Budget and Management	Pass	5:0
10/12/2010	0	COMMON COUNCIL	ASSIGNED TO

Number

100689

Version

ORIGINAL

Reference

Sponsor

THE CHAIR

Title

Resolution related to the deposit of $17.35 million in the Employer’s Reserve Fund by the City to the Employes Retirement System.

Body

Whereas, The 2011 adopted city budget contained funding for the Employer’s Reserve Fund in the Employes’ Retirement System; and

Whereas, These funds are currently deposited in the city’s general fund Employer’s Reserve Fund account; and

Whereas, These funds need to be formally appropriated for deposit in the city’s account, Employer’s Reserve Fund, in the Employes’ Retirement System; now, therefore, be it

Resolved, By the Common Council of the City of Milwaukee, that the sum of $17.35 million be appropriated from the city’s general fund account Employer’s Reserve Fund (0001-9990-R460-006100) and deposited to the city’s account, Employer’s Reserve Fund, in the Employes’ Retirement System.

Drafter

Budget and Management Division

Ref:  2011 BF,3B;

September 15, 2010

Pensionreserver.doc