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The city retirement system has agreed to pay more than $2 million to 96 such retired Milwaukee cops. MacGillis Wiemer is now demanding a third of the back benefits paid to the retired...
And the Milwaukee Police Supervisors Organization has asked the city Employees' Retirement System to kick in another $129,289 for legal fees and costs.
In Milwaukee, district officials announced they have eliminated 514 vacant positions and laid off almost 520 employees, including 354 teachers, mostly from elementary schools, which will result in larger class sizes.
CSRS provided retirement, disability and survivor benefits for most civilian employees in the federal government, until the creation of a new federal agency, the Federal Employees Retirement System (FERS), in 1987.
The Wisconsin Retirement System (WRS) consistently ranks among the 10 largest public pension funds in the U.S. Participants include current and former employees of Wisconsin’s state agencies and most local governments other than the City of Milwaukee and Milwaukee County.
Employee Retirement Income Security Act. An Act to provide for pension reform. The Employee Retirement Income Security Act of 1974 ( ERISA) ( Pub. L. 93–406, 88 Stat. 829, enacted September 2, 1974, codified in part at 29 U.S.C. ch. 18) is a U.S. federal tax and labor law that establishes minimum standards for pension plans in private industry.