In March 2011, the nation watched as Wisconsin Governor Scott Walker signed into law the Wisconsin Budget Repair Bill, also known as Act 10. By limiting collective bargaining to wages only, this measure gave MPS the authority to modify its retiree health program, and the Badger State’s largest school system has since acted upon that authority. This paper analyzes and projects the future retirement obligations in Milwaukee and illuminates how retirement reform can help to solve the pension-funding problem.