Case Study: City of Milwaukee achieves stable pension contributions with Conduent Human Resource Services

City of Milwaukee stabilizes pension contributions for 5 years with Conduent

The City of Milwaukee faced significant budget volatility after its pension plan became underfunded following the 2008 financial instability. After contributions resumed, the city struggled with unpredictable annual increases and decreases, which made financial planning difficult. Conduent, leveraging its actuarial services for the public sector, was engaged to address this challenge.

Conduent implemented a fixed contribution rate strategy for five-year periods, which was validated by an outside actuary. This solution provided the City of Milwaukee with stable and predictable pension costs, allowing for improved budget planning. As a result, city agencies began making contributions in a timely and even accelerated manner. The strategy maintained the plan's actuarial integrity while eliminating destabilizing annual budgetary requirements.

City of Milwaukee