Since 2016, the City of Milwaukee has had automatic enrollment for new hires and an annual re-enrollment program where employees must opt out each year if they do not want to participate. This has led to overall participation rates in the high 80s ever since. There is a segment of our population that is not subject to automatic enrollment or the annual re-enrollment program and that is our unionized active fire and police. We wanted to explore if these groups were taking advantage of the Deferred Compensation Plan at different levels than regular City employees and if additional outreach was needed. We began by researching participation and contribution rates for each Fire Department class going back to 2017 and noticed that there was a downtrend in both participation and contribution rates that began in 2019 and lasted through 2021. A special outreach program was launched with the assistance of an engaged Board member where each new Fire Department sworn classes and Fire Cadet classes would receive their own seminars in additional to their new employee origination.
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- July 25, 2024 Create Date
- September 25, 2024 Last Updated
