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Latest Milwaukee County pension mistakes to cost up to $3.3 million to fix

OCTOBER 19, 2017 | by Don Behm | MILWAUKEE JOURNAL-SENTINEL

By Don Behm, includes “… Auditors from Baker Tilly confirmed miscalculations in 376 monthly benefit payments resulting from pension office staff using the wrong mortality tables for life expectancy of beneficiaries. … The actuary was off by nearly $9 million after forgetting to include a routine cost-of-living adjustment paid to retirees in that year's overall funding requirements for the pension plan. The consultant was Larry Langer, principal consulting actuary for Buck Consultants LLC in Chicago.”

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