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 not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Milwaukee City ERS, 2001-2022

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
2019 5.56
2020 5.65
2021 6.43
2022 5.53

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Number of Actives per Annuitant, 2001-2022

Fiscal Year Milwaukee City ERS US State and Local Pensions
2001 1.3 2.4
2002 1.2 2.3
2003 1.2 2.2
2004 1.1 2.1
2005 1.1 2.1
2006 1.1 2.0
2007 1.1 2.0
2008 1.0 1.9
2009 1.0 1.9
2010 1.0 1.8
2011 0.9 1.7
2012 0.9 1.6
2013 0.9 1.5
2014 0.9 1.4
2015 0.9 1.4
2016 0.9 1.4
2017 0.8 1.4
2018 0.8 1.3
2019 0.8 1.3
2020 0.8 1.3
2021 0.7 1.2
2022 0.7 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Milwaukee City ERS, 2002-2022

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2002 0.0 0.0 8.7 0.0
2003 0.0 0.0 10.5 0.0
2004 0.0 0.0 11.8 0.0
2005 0.0 0.0 13.7 0.0
2006 0.0 0.0 14.3 0.0
2007 0.0 0.0 13.9 0.0
2008 0.0 0.0 12.8 0.0
2009 10.9 0.0 14.4 10.9
2010 0.0 0.0 15.5 0.0
2011 0.0 0.0 16.4 0.0
2012 14.0 0.0 18.1 14.0
2013 15.2 0.0 20.3 15.2
2014 13.7 0.0 20.6 13.7
2015 13.5 0.0 20.6 13.5
2016 12.7 0.0 21.5 12.7
2017 14.5 0.0 21.4 14.5
2018 14.5 0.0 22.5 14.5
2019 16.6 0.0 22.6 14.3
2020 14.7 0.0 23.4 14.2
2021 15.5 0.0 23.6 14.2
2022 21.0 0.0 24.1 14.1

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Actuarial Funding

Actuarial Funded Ratio for Milwaukee City ERS, 2001-2022

Fiscal Year Milwaukee City ERS National Data
2001 137.2 101.7
2002 115.2 94.6
2003 116.0 88.8
2004 116.7 87.0
2005 122.9 85.4
2006 127.4 85.2
2007 131.2 86.3
2008 99.1 84.4
2009 112.8 78.4
2010 104.4 75.7
2011 96.0 74.3
2012 90.8 72.3
2013 94.8 71.8
2014 97.2 73.2
2015 96.7 73.2
2016 96.1 71.6
2017 89.9 72.0
2018 81.5 72.4
2019 80.1 72.5
2020 80.7 72.6
2021 83.4 75.8
2022 82.7 76.2

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Investments

Asset Allocation for Milwaukee City ERS, 2022

Category Percent
Equities 42.0
Fixed Income 20.0
Private Equity 13.0
Real Estate 0.0
Cash 1.0
Other 0.0
Commodities 13.0
Hedge Fund 11.0
Misc. Alternatives 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Asset Allocation for State and Local Pensions, 2022

Category Percent
Equities 41.4
Fixed Income 20.6
Private Equity 13.9
Real Estate 10.8
Cash 2.2
Other 0.4
Commodities 2.5
Hedge Fund 6.5
Misc. Alternatives 1.7

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.


Asset allocation for Milwaukee City ERS, 2002-2022

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 57.2 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
2019 47.0 23.0 8.0 0.0 1.0 0.0 11.0 10.0 0.0
2020 46.0 21.0 11.0 0.0 2.0 0.0 11.0 9.0 0.0
2021 42.6 21.8 12.9 0.0 3.0 0.0 12.9 6.9 0.0
2022 42.0 20.0 13.0 0.0 1.0 0.0 13.0 11.0 0.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.


Annual Return as of December 31 for Milwaukee City ERS, 2001-2022

Fiscal Year Milwaukee City ERS Assumed return
2001 -1.70 8.50
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
2019 18.40 7.50
2020 6.60 7.50
2021 18.90 7.50
2022 -6.50 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Milwaukee City ERS
2001-2022

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
2019 -287.1 5,557.1
2020 -316.5 5,649.7
2021 -329.4 6,431.4
2022 -311.0 5,526.0

Source: Public Plans Database

Copy this code into your HTML Editor, Blog Post or CMS.

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.


Cash Flow as a Percentage of Assets
Milwaukee City ERS
2001-2022

Fiscal Year Milwaukee City ERS National Average
2001 -3.8 -2.3
2002 -4.8 -1.0
2003 -4.0 -2.4
2004 -3.7 -2.6
2005 -3.9 -2.2
2006 -3.8 -2.2
2007 -3.9 -2.2
2008 -6.4 -2.9
2009 -4.3 -3.2
2010 -5.8 -3.2
2011 -6.1 -3.4
2012 -4.0 -3.3
2013 -4.5 -3.1
2014 -4.8 -2.9
2015 -5.0 -3.1
2016 -5.1 -3.2
2017 -5.2 -2.9
2018 -5.8 -3.1
2019 -5.2 -3.1
2020 -5.6 -2.8
2021 -5.1 -2.5
2022 -5.6 -2.9

Source: Public Plans Database

National data averages are weighted by plan size.

Copy this code into your HTML Editor, Blog Post or CMS.

2022 Financial Reports

Benefits

Website for Milwaukee City ERS benefit descriptions.