City of Milwaukee - File #: 060064

• File #: 060064
• Version: 0
• Type: Charter Ordinance
• Status: Passed
• File created: 5/9/2006
• In control: FINANCE & PERSONNEL COMMITTEE
• Final action: 5/31/2006
• Effective date: 8/16/2006
• Title: A charter ordinance relating to the disposition of final pro-rated payments under the city employees’ retirement system.
• Sponsors: THE CHAIR
• Indexes: EMPLOYES RETIREMENT SYSTEM, RETIREMENT BENEFITS

Date	Ver.	Action By	Action	Result	Tally
6/16/2006	0	CITY CLERK	PUBLISHED
6/8/2006	0	MAYOR	SIGNED
5/31/2006	0	COMMON COUNCIL	PASSED	Pass	14:0
5/24/2006	0	FINANCE & PERSONNEL COMMITTEE	RECOMMENDED FOR PASSAGE	Pass	4:0
5/18/2006	0	FINANCE & PERSONNEL COMMITTEE	HEARING NOTICES SENT
5/11/2006	0	FINANCE & PERSONNEL COMMITTEE	REFERRED TO
5/9/2006	0	COMMON COUNCIL	ASSIGNED TO

Number
060064
Version
ORIGINAL
Reference

Sponsor
THE CHAIR
Title
A charter ordinance relating to the disposition of final pro-rated payments under the city employees’ retirement system.
Sections
36-05-7-d cr
Analysis
This charter ordinance establishes a procedure for disposition of final pro-rated payments under the city employees’ retirement system. Final pro-rated payments are that portion of a benefit that has been earned by a beneficiary prior to the death of a beneficiary but had not been paid to the beneficiary prior to his or her death.

Upon the death of a member who has not elected any survivorship option, the member’s final pro-rated payment shall be paid to the member’s estate, unless the member has named a person or trust to receive the member’s final pro-rated payment. Upon the death of a member who has elected any survivorship option, the member’s final pro-rated payment shall be paid to the member’s survivor. If the survivor predeceases the member, the member may name a person or trust to receive the member’s final pro-rated payment. Upon the death of a survivor, the survivor’s final pro-rated payment shall be paid to the survivor’s estate, unless the survivor has named a person or trust to receive the survivor’s final pro-rated payment.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 36-05-7-d of the charter is created to read:

36-05. Benefits.

7. OPTIONAL BENEFITS.

d. Disposition of Final Pro-Rated Payment. d-1. In this paragraph, “final pro-rated payment” means that portion of a benefit that has been earned by a beneficiary prior to the death of a beneficiary but had not been paid to the beneficiary prior to his or her death.

d-2. Upon the death of a member who has not elected any survivorship option under this subsection, the member’s final pro-rated payment shall be paid to the member’s estate, unless the member has named a person or trust to receive the member’s ...