Milwaukee County Employees Retirement System estimates it will need a $40 million contribution for the coming year to meet its actuarial funding requirement, said Jac R. Amerell, retirement system director and pension board secretary. The countys current budget proposal provides for only $15 million. Mercer will present official actuarial figures on the contribution to the pension board May 14, Mr. Amerell said. The system has $1.2 billion in assets and $1.5 billion in liabilities, he said.
Milwaukee County government executive officials werent available for comment by press time.