Number
091214
Version
SUBSTITUTE 1
Reference
Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to retirement benefits for certain city employes.
Sections
36-04-1-c am
36-04-1-f am
36-05-1-h-5-b am
36-08-7-a-2 am
36-08-7-m am
Analysis
This charter ordinance changes retirement benefits for employes represented by Local 494, IBEW, AFL-CIO, Machine Shop as follows:
1. The sunset clause relating to creditable service for military service is eliminated.
2. A bonus year is added to the pension payment formulary thus qualifying an employe to retire earlier or add pension-eligible service time, or both. Employes who retire in 2010 are eligible.
3. Employes retiring in 2010 and 2011 shall receive an earlier cost-of-living increase of 2% effective the first anniversary of their retirement.
4. Employes hired on or after January 1, 2010, shall contribute 5.5% of their earnable compensation as a contribution to the retirement system.
This charter ordinance also provides creditable service for active military service (one year for 3 years of active military service) for Milwaukee Public Schools employes represented by a specific union; and for employes of Veolia Water Milwaukee LLC. (Milwaukee Metropolitan Sewerage District) represented by 4 specific unions.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. The note appended to s. 36-04-1-c of the city charter, as affected by Common Council file number 091068, passed December 22, 2009, is amended to read:
36-04. Creditable Service.
1. SERVICE CREDITED. c.
NOTE: The foregoing amendment to s. 36-04-1-c shall apply only to policemen represented by the MPA and firemen represented by Local 215, IAFF, who participate in the combined fund and who retire on a service retirement allowance between January 1, 1998 and December 31, 2002; policemen represented by the MPSO, and general city employes, who participate in the combined fund and who retire on a se...
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