Sunday, January 24, 2010

Elected Officials Not Included In This Change

I received the following email from Milwaukee County through their eNotify system (emphasis mine):

If you are a Union Represented Employee, you may disregard.

Pension Benefit Changes Effective January 1, 2010

At its December 17, 2009 meeting, the County Board adopted Resolutions effecting
Pension Benefit changes for non-represented employees as follows:

New “Normal Retirement Age” for employees who become members of the Employees’
Retirement System (ERS) after January 1, 2010

· The normal retirement age for non-represented employees becoming ERS
members after January 1, 2010 is 64 years of age or 55 years of age with
30 years of service.

· Non-represented employees who became ERS members before January 1, 2010
will maintain the normal retirement age of 60 years of age or 55 years of
age with 30 years of service.

· Elected Officials and non-represented Deputy Sheriffs are not included in
this change.

Reduction in Pension Multiplier to 1.6% for ERS service credit earned after
January 1, 2010

· Non-represented employees who are currently ERS members or will become
ERS members in the future will receive a pension multiplier of 1.6% for
years of service on and after January 1, 2010.

· This change does not impact the multiplier percent earned by non-
represented ERS members prior to January 1, 2010.

· Upon retirement, ERS will calculate individual benefits based on a
formula that assures credit for service earned at the appropriate
multiplier: 2.0%, 1.6% and/or 1.5%.

· This ordinance change does not apply to Elected Officials.
If you have questions regarding this communication, please contact
ERS at 278-4207.
No wonder Chairman Holloway, Supervisor Coggs and Scott Walker are so cozy lately. They're in cahoots to protect their own pile of treasure.

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