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File #: 110347    Version:
Type: Charter Ordinance Status: Passed
File created: 7/6/2011 In control: FINANCE & PERSONNEL COMMITTEE
On agenda: Final action: 7/26/2011
Effective date: 10/11/2011    
Title: A substitute charter ordinance relating to retirement benefits for certain employes of the fire and police departments.
Sponsors: THE CHAIR
Indexes: CHARTER ORDINANCES, POLICE DEPARTMENT, RETIREMENT BENEFITS
Attachments: 1. Cover Letter, 2. Fiscal Impact Statement, 3. Hearing Notice List, 4. Notice Published on 8-11-11
Number
110347
Version
SUBSTITUTE 1
Reference
910901
Sponsor
THE CHAIR
Title
A substitute charter ordinance relating to retirement benefits for certain employes of the fire and police departments.
Sections
36-08-7-b am
Analysis
This charter ordinance establishes that non-represented firefighters and police officers and individuals represented by the Milwaukee Police Association, Milwaukee Police Supervisors’ Organization and the Milwaukee Professional Firefighters Association Local #215, hired on or after October 3, 2011, shall contribute 7% of their earnable compensation to the employes’ retirement system.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:

Part 1. Section 36-08-7-b of the charter is amended to read:
36-08. Method of Financing.
7. MEMBER CONTRIBUTIONS
b. [[For]] >>Except for<< members of the system >>who are initially employed as firemen or policemen on or after October 3, 2011<<, the employer shall have the obligation to contribute the percentages set forth in this section. Members who are firemen shall have contributed for them by the employer 7% of such firemen's earnable compensation. Members who are policemen shall have contributed by the employer, commencing with the 1st pay period of 1971, 6% of such policemen's earnable compensation; policemen shall contribute 1% of their earnable compensation. Members who are policemen shall have contributed by the employer commencing with the first pay period of 1990, 7% less $1 of such policemen's earnable compensation. Commencing in 1990, policemen, excluding sergeant of police, detective lieutenant and ranks above same, shall contribute $1 of their longevity in rank pay, if any, payable at the close of the year. >>Members of the system who are initially employed as firemen or policemen on or after October 3, 2011, shall contribute 7% of their earnable compensation.<<

Part 2. This is a charter ordinance and shall take effect 60 days after its passage...

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