City of Milwaukee - File #: 121701

• File #: 121701
• Version: 3
• Type: Charter Ordinance
• Status: Passed
• File created: 3/21/2013
• In control: COMMON COUNCIL
• Final action: 5/21/2013
• Effective date: 8/10/2013
• Title: A charter ordinance relating to retirement benefits for new general city employes, including elected officials.
• Sponsors: ALD. MURPHY
• Indexes: CHARTER ORDINANCES, EMPLOYES RETIREMENT SYSTEM

Date	Ver.	Action By	Action	Result	Tally
6/10/2013	3	CITY CLERK	PUBLISHED
5/30/2013	3	MAYOR	SIGNED
5/21/2013	2	CITY CLERK	DRAFT SUBMITTED
5/21/2013	2	COMMON COUNCIL	SUBSTITUTED; Minutes note: Ald. Murphy moved to substitute File Number 121701 by adding a sentence at the end of s. 36-08-7-c in Part 15. The new sentence reads: "On or after January 1, 2014, a member who is enrolled in the retirement system prior to initially being elected to an office and who at the time of election is required to pay a member contribution under par. a-1 or 2, or b, shall continue to pay that same member contribution rate while serving as an elected official."	Pass	12:0
5/21/2013	3	COMMON COUNCIL	PASSED	Pass	12:0
5/15/2013	2	CITY CLERK	DRAFT SUBMITTED
5/15/2013	1	FINANCE & PERSONNEL COMMITTEE	SUBSTITUTED; Minutes note: Individuals appearing: Larry Langer, Buck Consultants Ken Wischer, District Council 48 Proposed Substitute B is accepted.	Pass	5:0
5/15/2013	2	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	5:0
5/10/2013	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
5/10/2013	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
4/24/2013	0	FINANCE & PERSONNEL COMMITTEE	HELD TO CALL OF THE CHAIR; Minutes note: The item was held at the request of the City Attorney's Office.	Pass	5:0
4/18/2013	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
3/21/2013	0	COMMON COUNCIL	ASSIGNED TO

Number
121701
Version
SUBSTITUTE 3
Reference

Sponsor
ALD. MURPHY
Title
A charter ordinance relating to retirement benefits for new general city employes, including elected officials.
Sections
36-05-1-b am
36-05-1-d-1 am
36-05-1-d-3 am
36-05-1-d-4 cr
36-05-1-h-5-a am
36-05-1-h-5-b rn
36-05-1-h-5-b cr
36-05-1-g am
36-05-1-i-2-b am
36-05-2-e am
36-05-3-b-3 am
36-05-5-a-1 am
36-08-7-a-1 am
36-08-7-a-3 cr
36-08-7-c am
36-08-7-m am
Analysis
This charter ordinance establishes the following provisions for a general city employe who enrolls as a member in the employes’ retirement system on or after January 1, 2014:
1. A minimum service retirement age of 65.
2. A service retirement allowance equal to 1.6% of the member’s final average salary times the total number of years of all creditable service.
3. Eligibility for a service retirement allowance when attaining the age of 60 years and the completion of 30 years of creditable service.
4. Eligibility for a pension escalator of 2% annually after the fifth anniversary of their service retirement, with spouse survivors of service retirees also eligible for the escalator.
5. A requirement to contribute 4% of their earnable compensation to the retirement system.

This charter ordinance also establishes the following provisions for a newly elected official who enrolls as a member of the employes’ retirement system on or after January 1, 2014:
1. A minimum service retirement age of 65.
2. A service retirement allowance equal to 1.6% of the member’s final average salary times the total number of years of creditable service as an elected official.
3. Eligibility for a service retirement allowance when attaining the age of 60 years and the completion of 30 years of creditable service.
4. Eligibility for a pension escalator of 2.0% annually after the fifth anniversary of their service retirement, with spouse survivors of service retirees also eligible for the escalator.
5. A requirement to contrib...