Retirement benefit gap for post-2024 employees
Summary
Employees hired since January 2024 have had no retirement plan because a promised 401(k) was never set up after the city pension system closed. The board fixed this by joining the state's Wisconsin Retirement System starting January 1, 2027.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Discussed at 1 meeting in the last 60 days; most recently Sep 16, 2026.
Impact analysis
About $18,000 a year for the five current employees affected, growing as new hires enroll.
The five affected employees now, and all future HACM hires who gain a defined-benefit pension.
Mentions & discussions (1)
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