City of Milwaukee - File #: 020891

• File #: 020891
• Version: 1
• Type: Charter Ordinance
• Status: Passed
• File created: 9/24/2002
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 10/15/2002
• Effective date: 1/2/2003
• Title: A substitute charter ordinance relating to designated beneficiaries under the city employe retirement system.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, EMPLOYES RETIREMENT SYSTEM, RETIREMENT BENEFITS, WAGES AND BENEFITS

Date	Ver.	Action By	Action	Result	Tally
9/24/2013	1	COMMON COUNCIL	HEARING NOTICES SENT
10/31/2002	1	CITY CLERK	PUBLISHED
10/23/2002	1	MAYOR	SIGNED
10/15/2002	1	COMMON COUNCIL	PASSED	Pass	16:0
10/9/2002	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	4:0
9/30/2002	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/30/2002	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
9/27/2002	1	CITY CLERK	DRAFT SUBMITTED
9/26/2002		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
9/25/2002		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
9/25/2002		FINANCE & PERSONNEL COMMITTEE	REFERRED TO
9/24/2002	0	COMMON COUNCIL	ASSIGNED TO

Number
020891
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to designated beneficiaries under the city employe retirement system.
Sections
36-05-11-e cr
Analysis
Under the global pension settlement, participants in the combined fund may be eligible for lump sum bonus payments under one or more of the provisions of s. 36-05-11 of the charter. If a participant who is eligible for a lump sum bonus payment dies prior to the payment being made, the payment is payable to the member's estate. This charter ordinance permits a participant eligible for a lump sum bonus payment to elect to have the payment made to a designated beneficiary in lieu of the participant's estate if the participant dies prior to the payment being made.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 36-05-11-e of the charter is created to read:

36-05. Benefits.

11. LUMP SUM BONUS.

e. Designated Beneficiary. A participant in the combined fund eligible to receive a lump sum bonus payment under this subsection shall be permitted to elect a designated beneficiary to receive such payment in lieu of the participant's estate, if the participant dies prior to the payment being made.

Part 2. This is a charter ordinance and shall take effect 60 days after its passage and publication, unless within such 60 days a referendum petition is filed as provided in s. 66.0101(5), Wis. Stats., in which event this ordinance shall not take effect until submitted to a referendum and approved by a majority of the electors voting thereon.
LRB

APPROVED AS TO FORM


_________________________
Legislative Reference Bureau
Date:_____________________

Attorney




IT IS OUR OPINION THAT THE ORDINANCE
IS LEGAL AND ENFORCEABLE


________________________
Office of the City Attorney
Date:____________________

Requestor

Drafter TEH/kf:57337
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