Post by Logan on Mar 29, 2017 3:39:34 GMT -6
Milwaukee County Board approves study of switching troubled pension plan to state
Milwaukee County will study transferring all or part of its pension plan to the Wisconsin Retirement System, under a resolution adopted Thursday by the County Board.
On a 12-5 vote, the board approved a resolution by Supervisor Sheldon Wasserman that would create a special work group — made up of representatives of the county retirement office, the comptroller and corporation counsel — to identify steps needed in making such a transition. The panel is asked to provide a report to the board in May.
Supervisors Peggy West and David Sartori said the state would never accept responsibility for the county's problem-prone and complicated pension system. Joining West and Sartori in voting against the study were Michael Mayo Sr., Willie Johnson Jr. and Supreme Moore Omokunde.
Mayo and Johnson said the county should fix the known problems with its system before considering a transition to the state.
Read more: www.jsonline.com/story/news/local/milwaukee/2017/03/23/milwaukee-county-board-approves-study-switching-troubled-pension-plan-state/99538418/
Milwaukee County will study transferring all or part of its pension plan to the Wisconsin Retirement System, under a resolution adopted Thursday by the County Board.
On a 12-5 vote, the board approved a resolution by Supervisor Sheldon Wasserman that would create a special work group — made up of representatives of the county retirement office, the comptroller and corporation counsel — to identify steps needed in making such a transition. The panel is asked to provide a report to the board in May.
Supervisors Peggy West and David Sartori said the state would never accept responsibility for the county's problem-prone and complicated pension system. Joining West and Sartori in voting against the study were Michael Mayo Sr., Willie Johnson Jr. and Supreme Moore Omokunde.
Mayo and Johnson said the county should fix the known problems with its system before considering a transition to the state.
Read more: www.jsonline.com/story/news/local/milwaukee/2017/03/23/milwaukee-county-board-approves-study-switching-troubled-pension-plan-state/99538418/