Bookmark and Share

None Better Than City’s Pension System, National Report Shows

The City of Milwaukee Employes’ Retirement System (CMERS) is rated at the top of city pension systems in the U.S., according to a report just released by the Pew Charitable Trusts.

The report, entitled “A Widening Gap in Cities: Shortfalls in Funding for Pensions and Retiree Health Care,” in part looked at 61 cities with pension systems, and how those systems are faring in relation to the Great Recession, according to Alderman Michael J. Murphy, longtime member of the city’s ERS Annuity and Pension Board and chair of the Pension Study Task Force.