City of Milwaukee - File #: 051397

• File #: 051397
• Version: 1
• Type: Charter Ordinance
• Status: Passed
• File created: 2/7/2006
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 2/28/2006
• Effective date: 5/16/2006
• Title: A substitute charter ordinance relating to retirement benefits.
• Sponsors: THE CHAIR
• Indexes: CHARTER ORDINANCES, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
3/16/2006	1	CITY CLERK	PUBLISHED
3/8/2006	1	MAYOR	SIGNED
2/28/2006	1	COMMON COUNCIL	PASSED	Pass	15:0
2/23/2006	1	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	3:0
2/13/2006	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/13/2006	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/13/2006	1	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
2/10/2006	1	CITY CLERK	DRAFT SUBMITTED
2/9/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/9/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
2/7/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
051397
Version
SUBSTITUTE 1
Reference

Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to retirement benefits.
Sections
36-08-7-n cr
Analysis
The global pension settlement included a provision that during the 8-year period immediately following their enrollment, general city employes who enroll as employes’ retirement system members on or after January 1, 2000 shall contribute 1.6% of their pensionable earnings if they participate in the combined fund. This charter ordinance authorizes the board to collect the amount owed from a general city employe who enrolled as a member on or after January 1, 2000 and separates from service without having contributed the full amount of the contribution.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 36-08-7-n of the charter is created to read:
36-08. Method of Financing.
7. MEMBER CONTRIBUTIONS.
n. If a general city employe who enrolled as a member on or after January 1, 2000 separates from service without having contributed the full amount of the contribution required under par. m, and if the employe does not voluntarily pay the amount owed, then the board shall collect the amount as far as practicable by deducting from any benefit payment an amount sufficient to collect the amount owed over the remaining life expectancy of the member. If the benefit is to be paid in a lump sum, the amount owed shall be deducted from the lump sum. If the benefit is to be paid monthly, the monthly payments shall be actuarially reduced over the remaining life of the member to an amount that will collect the amount owed and the loss caused by late payment.

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 m...