Retirement Planning Seminars

This program is for regular City civilian and non-sworn personnel only, and not for Milwaukee Public Schools (MPS) employees.

All too frequently, employees do not begin to learn about the various aspects of retirement until it's too late...after they have already retired. This retirement information program will serve as a planning vehicle for employees that are within 2 years of retirement.

This 4-hour seminar will include an overview of benefits and services available to retired employees. Topics covered are:

• Pension, including a Question & Answer session
• Life Insurance benefits
• Health & Dental insurance benefits
• Social Security benefits
• Deferred compensation

The presenters of these topics will include representatives from:

• Employee Benefits Division, Department of Employee Relations
• Employes' Retirement System
  • REMEMBER! Employees planning on retirement should ask for a pension benefit estimate at least six months prior to retirement. Employees planning on retirement must make an appointment with a pension counselor 30-90 days prior to the last day on the payroll.
• Social Security Benefits consultant
• Nationwide Retirement Solutions Inc. representative
  • The Deferred Compensation program is an independent financial operation with no direct connection with the City's pension benefits. Any questions concerning this benefit should be directed to the Deferred Compensation Plan Administrator.
• Click here for retirement-related websites.

Please read the following if you are enrolled in the Flexible Choices Program!

• Flexible Spending Account - Medical:
  • If you leave City employment and you are enrolled in a Medical-FSA, your period of coverage ends on your separation date unless you arrange to maintain your account. You must claim reimbursement of eligible expenses within 30 days of your date of separation from the City. Expenses incurred after your coverage ends are not eligible for reimbursement unless you continue making "after-tax" contributions to your account. Please contact the Employee Benefits Division at 286-3184 for further information.
• Flexible Spending Account - Dependent Care:
  • Coverage for the Dependent Day Care-FSA ends on your separation date. You must claim reimbursement of eligible expenses within 30 days of your date of separation from the City. Contact the Employee Benefits Division at 286-3184 for further information.

Any questions regarding these accounts should be directed to ProcessWorks, Inc. at 1-262-827-7030 or 1-888-868-2492 (click here to visit their website). Their address is PO Box 2490, Brookfield, WI 53008-2490.

How to register for the Retirement Planning Seminar:

1. Contact your department's Training Information Coordinator and provide him/her with your date preference or Course Number. As this program is held during normal work hours, you must have your supervisor's and/or department head's approval to attend.
2. Please do not contact Training & Development Services to enroll. ALL enrollments must go DIRECTLY through the Training Information Coordinator.
3. Once enrolled, you will receive a Confirmation via E-Mail. If you do not have email, your Training Information Coordinator will forward a hard copy of the Confirmation to you.

• TIME: 8:00 am - Noon
• LOCATION: 789 N. Water Street, 4th floor (inside Heartland Funds building, S.W. corner of Water & Wells)

SEMINAR DATES:

• Friday, February 27, 2009
• Thursday, June 4, 2009
• Friday, August 28, 2009
• Friday, November 20, 2009