Pension Board Trustee

We are looking for trustees to serve on the Milwaukee County Pension Board! The Board ensures that Milwaukee County's public servants receive their hard earned pension benefits while acting as responsible stewards of the $2 billion pension fund. They are supported by various consultants, experts, service providers, and administrative staff. 

Who is the Milwaukee County Pension Board?

This 10-member body serves as the fiduciary oversight board of Milwaukee County's legacy pension system, the Employees' Retirement System of Milwaukee County. It is comprised of a mix of appointees and members of the retirement system. MCGO 201.24 (8.2) 

The Pension Board oversees administration and investments for the pension system. 

What spots are available?

There are current and upcoming vacancies for appointed trustees (appointed by the County Executive or County Board Chairperson). Each is for a three year term starting as soon as possible. Reappointment after three years may be available. 

What is the time commitment?

The Board meets six times per year (once in person) and has four commitees which each meet two to five times per year. Committee meetings are remote and Board meetings are hybrid with the exception of one in-person meeting per year. Each trustee serves on two committees. 

Meeting preparation typically takes two to three hours per meeting and meetings generally take two to three hours.

There is an annual Continuing Education requirement of 16 hours and continuing education expenses are generally covered by the fund. 

Minimum Qualifications

Milwaukee County Ordinance 201.24 (8.2) provides that "an appointee must either possess "financial literacy" as the United States Securities and Exchange Commission defines as "the ability to read and understand fundamental financial statements, including a company's balance sheet, income statement, and cash flow statement," or must meet one of the following qualifications: (1) a minimum of five (5) years of recent work experience in the financial industry, or, a minimum of five (5) years of recent work experience in the finance division of an organization; or (2) an advanced degree applicable to the financial industry or be licensed as a certified public accountant, certified managerial accountant, certified financial planner, or certified financial advisor.

In addition, neither an appointee, nor any family member of the appointee, shall be a participant in, or beneficiary of the employes retirement system. An appointee shall not have relationships or ties to any provider of services to the employes retirement system or pension board. Examples of a provider of service shall include but not be limited to, investment consultants, investment managers, actuaries, or attorneys."

Next steps

If you are interested, we can connect you with the appointing authority to determine if this is a good fit! Please email [email protected] to discuss the opportunity.