State Data » Wisconsin » Milwaukee City ERS » Milwaukee City ERS

Milwaukee City ERS Basics

  • Established 1938
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Milwaukee City ERS, 2001-2018

Fiscal Year Net Assets (billions)
2001 3.88
2002 3.36
2003 4.08
2004 4.42
2005 4.61
2006 5.09
2007 5.23
2008 3.40
2009 4.02
2010 4.32
2011 4.01
2012 4.38
2013 4.95
2014 4.95
2015 4.75
2016 4.89
2017 5.40
2018 4.95

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2018

Fiscal Year Milwaukee City ERS US State and Local Pensions
2001 1.3 2.5
2002 1.2 2.4
2003 1.2 2.4
2004 1.1 2.3
2005 1.1 2.2
2006 1.1 2.1
2007 1.1 2.1
2008 1.0 2.1
2009 1.0 2.0
2010 1.0 1.9
2011 0.9 1.8
2012 0.9 1.7
2013 0.9 1.6
2014 0.9 1.5
2015 0.9 1.5
2016 0.9 1.4
2017 0.8 1.3
2018 0.8 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Milwaukee City ERS, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 0.0 0.0 5.0 0.0
2002 0.0 0.0 4.8 0.0
2003 0.0 0.0 5.7 0.0
2004 0.0 0.0 7.3 0.0
2005 0.0 0.0 9.0 0.0
2006 0.0 0.0 9.3 0.0
2007 0.0 0.0 10.0 0.0
2008 0.0 0.0 10.4 0.0
2009 10.9 0.0 10.2 10.9
2010 0.0 0.0 10.5 0.0
2011 0.0 0.0 12.5 0.0
2012 14.0 0.0 12.9 14.0
2013 15.2 0.0 13.9 15.2
2014 13.7 0.0 14.5 13.7
2015 13.5 0.0 14.9 13.5
2016 12.7 0.0 14.8 12.7
2017 14.5 0.0 15.1 14.5
2018 14.3 0.0 18.1 14.3

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Milwaukee City ERS, 2001-2018

Fiscal Year Milwaukee City ERS National Data
2001 137.2 106.5
2002 115.2 101.1
2003 116.0 94.2
2004 116.7 93.1
2005 122.9 91.1
2006 127.4 90.5
2007 131.2 91.2
2008 99.1 90.2
2009 112.8 83.2
2010 104.4 81.5
2011 96.0 80.4
2012 90.8 78.9
2013 94.8 78.7
2014 97.2 79.0
2015 96.7 78.2
2016 96.1 76.3
2017 89.9 76.4
2018 81.5 76.5

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

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Investments

Asset Allocation for Milwaukee City ERS, 2018

Category Percent
Equities 44.7
Fixed Income 23.9
Private Equity 8.0
Real Estate 8.3
Cash 2.0
Other 0.0
Commodities 3.3
Hedge Fund 9.9
Misc. Alternatives 0.0

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Milwaukee City ERS, 2002-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2002 63.4 31.8 0.0 4.8 0.0 0.0 0.0 0.0 0.0
2003 68.6 26.9 0.0 4.5 0.0 0.0 0.0 0.0 0.0
2004 68.7 27.1 0.0 4.2 0.0 0.0 0.0 0.0 0.0
2005 67.5 26.7 0.0 5.8 0.0 0.0 0.0 0.0 0.0
2006 67.6 27.0 0.0 5.4 0.0 0.0 0.0 0.0 0.0
2007 64.7 27.9 0.0 7.4 0.0 0.0 0.0 0.0 0.0
2008 57.8 31.9 0.0 10.3 0.0 0.0 0.0 0.0 0.0
2009 66.2 28.1 0.0 5.7 0.0 0.0 0.0 0.0 0.0
2010 67.4 26.9 0.1 5.6 0.0 0.0 0.0 0.0 0.0
2011 62.6 28.7 0.4 8.3 0.0 0.0 0.0 0.0 0.0
2012 63.4 27.1 1.0 8.5 0.0 0.0 0.0 0.0 0.0
2013 65.8 25.6 1.4 7.2 0.0 0.0 0.0 0.0 0.0
2014 58.0 26.8 2.4 7.6 0.0 0.0 0.0 5.2 0.0
2015 57.1 24.1 3.8 8.4 0.8 0.0 0.0 5.7 0.0
2016 55.7 20.5 5.0 7.9 0.6 0.0 2.2 8.1 0.0
2017 56.0 19.6 5.8 6.3 0.2 0.0 3.3 8.8 0.0
2018 44.7 23.9 8.0 8.3 2.0 0.0 3.3 9.9 0.0

Source: Public Plans Database

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Annual Return as of December 31 for Milwaukee City ERS, 2002-2018

Fiscal Year Milwaukee City ERS Assumed return
2002 -9.20 8.50
2003 27.70 8.50
2004 12.90 8.50
2005 8.70 8.50
2006 15.40 8.50
2007 7.50 8.50
2008 -30.70 8.50
2009 23.60 8.50
2010 14.20 8.50
2011 -1.10 8.50
2012 14.20 8.50
2013 19.60 8.50
2014 5.40 8.25
2015 0.50 8.25
2016 8.80 8.25
2017 16.40 8.00
2018 -2.90 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Milwaukee City ERS
2001-2018

Fiscal Year Cash Flow Assets
2001 -146.2 3,879.5
2002 -161.4 3,356.5
2003 -163.6 4,082.5
2004 -165.1 4,417.9
2005 -179.6 4,606.4
2006 -192.3 5,088.5
2007 -206.4 5,233.3
2008 -217.5 3,402.7
2009 -171.3 4,022.0
2010 -249.3 4,323.5
2011 -245.0 4,010.5
2012 -173.2 4,377.3
2013 -224.8 4,951.1
2014 -236.9 4,953.2
2015 -235.8 4,752.3
2016 -249.4 4,886.7
2017 -278.0 5,396.5
2018 -285.5 4,950.9

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Milwaukee City ERS
2001-2018

Fiscal Year Milwaukee City ERS National Average
2001 -3.8 -2.0
2002 -4.8 -2.7
2003 -4.0 -2.2
2004 -3.7 -1.6
2005 -3.9 -2.0
2006 -3.8 -1.9
2007 -3.9 -2.0
2008 -6.4 -3.0
2009 -4.3 -2.6
2010 -5.8 -2.4
2011 -6.1 -2.7
2012 -4.0 -2.6
2013 -4.5 -2.3
2014 -4.8 -2.3
2015 -5.0 -2.7
2016 -5.1 -2.2
2017 -5.2 -2.7
2018 -5.8 -3.0

Source: Public Plans Database

National data averages are weighted by plan size.

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2018 Financial Reports

Benefits

Website for Milwaukee City ERS benefit descriptions.