-
The City of Milwaukee is no stranger to financial woes. For decades the city has faced budget shortfalls that forced cuts to essential services. Although federal funds gave the city a reprieve in its most recent budget, an emerging pension crisis is once again threatening its fiscal security: the pension crisis.
-
Nationwide, many cash-strapped cities have raided funds intended for retirees or have chronically underfunded their pension systems. But despite a budget crunch, Milwaukee's fund has consistently ranked among the nation's top pension programs. Even so, some changes lie ahead for city workers.
-
The minimum service retirement age for new City of Milwaukee employees will be pushed back to 65 from its current age of 60 under pension changes approved…