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File #: 100241    Version:
Type: Charter Ordinance Status: Passed
File created: 6/15/2010 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 7/7/2010
Effective date: 9/22/2010    
Title: A substitute charter ordinance relating to retirement benefits for employes represented by certain bargaining units.
Sponsors: ALD. MURPHY
Indexes: CHARTER ORDINANCES, LABOR CONTRACTS, RETIREMENT BENEFITS
Attachments: 1. Letter Regarding Building Trades from MPS, 2. Fiscal Note, 3. Hearing Notice List, 4. Notice Published on 7-23-10
Number
100241
Version
SUBSTITUTE 1
Reference
100173
Sponsor
ALD. MURPHY
Title
A substitute charter ordinance relating to retirement benefits for employes represented by certain bargaining units.
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 Milwaukee public school employes represented by Milwaukee Building and Construction Trades Council, AFL-CIO as follows:
1. Effective for employes who retire on or after January 1, 2007, the expiration date for granting creditable service for prior 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. Only employes who retire from August 1, 2010 to December 31, 2010 are eligible.
3. Employes retiring from August 1, 2010 to December 31, 2010 shall receive a cost-of-living increase of 2% effective the first anniversary of their retirement.
4. Employes hired on or after August 1, 2010, shall contribute 5.5% of their earnable compensation as a contribution to the retirement system.
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 100173, passed June 15, 2010, 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 service retirement allowance between January 1, 1999 and December 31, 2002; non-represented firemen or policemen who participate in...

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