Legislative Audit Bureau: Announces the Release of report 25-14, employes’ retirement system of the city of Milwaukee

The Employes’ Retirement System of the City of Milwaukee (Retirement System) was created in 1937 and is a cost-sharing, multiple-employer, defined-benefit pension plan with 29,223 members and a fiduciary net position of $6.0 billion as of December 31, 2024. The Retirement System is administered by a staff of 51 full-time equivalent positions. We provided an unmod...