powered help
header-left header-center header-right
Share to Facebook Share to Twitter Bookmark and Share
File #: 191445    Version: 0
Type: Resolution Status: Passed
File created: 12/17/2019 In control: COMMON COUNCIL
On agenda: Final action: 1/21/2020
Effective date:    
Title: Resolution relating to studying the impacts of employee turnover on pension funding and liabilities.
Sponsors: ALD. COGGS, ALD. LEWIS, ALD. STAMPER
Attachments: 1. Employment Turnover letter, 2. 2012-2017-5-Yr-Exp-Review, 3. Hearing Notice List
Date Ver.Action ByActionResultTallyAction DetailsMeeting DetailsVideo
1/30/20200 MAYOR SIGNED   Action details Meeting details Not available
1/21/20200 COMMON COUNCIL ADOPTED

Minutes note: Ald. Stamper asked to be add as a co-sponsor. There were no objections.
Pass15:0 Action details Meeting details Video Video
1/15/20200 FINANCE & PERSONNEL COMMITTEE RECOMMENDED FOR ADOPTION

Minutes note: Appearing: Jerry Allen, Employes' Retirement System
Pass4:0 Action details Meeting details Video Video
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
1/10/20200 FINANCE & PERSONNEL COMMITTEE HEARING NOTICES SENT   Action details Meeting details Not available
12/17/20190 COMMON COUNCIL ASSIGNED TO   Action details Meeting details Not available

Number

 191445

 

Version

ORIGINAL

 

Reference

190001

 

Sponsor

ALD. COGGS, LEWIS AND STAMPER

 

Title

Resolution relating to studying the impacts of employee turnover on pension funding and liabilities.

 

Analysis

This resolution directs the Department of Employee Relations, the Employes’ Retirement System and the Budget and Management Division to collaboratively investigate and report the impacts of employee turnover on the City’s pension funding and liabilities. 

 

Body

Whereas, The 2020 Adopted Budget includes a Common Council-added footnote (Amendment 29) directing the Employee Relations Director to collaborate with the Employes’ Retirement System and the Budget and Management Division to investigate and report the impacts of employee turnover on the City’s pension funding and liabilities; and

 

Whereas, The City currently experiences an average of 141 retirements and 148 resignations annually; and

 

Whereas, Approximately 69% of employee resignations take place within the employee’s first five years of employment; and

 

Whereas, In 2018, there was a 10% increase in City employee resignations compared to 2017, and the Department of Employee Relations projects a 25% increase in City employee resignations in 2019 relative to 2018; now, therefore, be it

 

Resolved, By the Common Council of the City of Milwaukee, that the Employee Relations Director shall collaborate with the Employes’ Retirement System and the Budget and Management Division to investigate and report the impacts of employee turnover on the City’s pension funding and liabilities; and, be it

 

Further Resolved, That the Director of Employee Relations, the Employes’ Retirement System and the Budget and Management Division shall report their findings to the Common Council within 120 days of adoption of this resolution.

 

Requestor

 

Drafter

Dana Zelazny

LRB175647-1

December 10, 2019