Milwaukee County lawsuit over pension deal

Posted by Tracy Coenen on March 29, 2006 · Leave a Comment 

Milwaukee County has sued its former actuarial firm, Mercer Human Resource Consulting, for malpractice and breach of contract related to the 2000 county pension deal. Mercer advised the county on the cost of the pension enhancements under a contract signed by the former personnel director Gary Dobbert. (Dobbert crafted the pension package and went to jail in 2004 for lying about the deal’s costs.)

The lawsuit alleges that Mercer

…made repeated, serious actuarial mistakes, grossly underestimated costs and totally failed to assess the actuarial effect..

The lawsuit is being brought by Milwaukee County, the county’s Employee Retirement System, and the county’s Pension Board.

Tags: , , , ,


Related Posts

  1. Milwaukee County needs forensic accountants again
  2. The job of government is not to employ as many people as possible
  3. Milwaukee County: We’re broke, but let’s spend more!
  4. Milwaukee County Supervisors want to stick it to the taxpayers again
  5. Another tax proposed for Milwaukee County

Leave a Comment

Comments containing profanity, personal attacks, threats, abuse, hate speech, or otherwise objectional content will not be published. Do not assume that the author of this blog agrees with or endorses any comments made by commenters. Promotion of MLM companies is not permitted, and that includes linking to MLM sites and making unsubstantiated earnings claims.