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After the ruling, the city Employees' Retirement System then recalculated the benefits for retired Milwaukee police officers who are on duty disability.
Statements made, such as 'Employees of Wisconsin Retirement System (WRS) employers, and the City and County of Milwaukee must contribute 50% of the annual pension payment' were framing devices used to justify the cut in take-home pay, as reduction in total compensation to public employees using these retirement systems was a policy goal for the ...
Some local governments do not offer defined-benefit pensions but may offer a defined contribution plan. In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS).
And the Milwaukee Police Supervisors Organization has asked the city Employees' Retirement System to kick in another $129,289 for legal fees and costs.
The Federal Employees' Retirement System ( FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2]
Milwaukee is among the best cities in the United States to retire in 2021, according to new rankings released Tuesday by U.S. News & World Report. The new list evaluates the country’s 150 most...