Question:  How does an employer join the Wisconsin Retirement System (WRS)?

Answer:

To join WRS, employers who meet the criteria of a public entity must file a resolution.

The employer's Governing Body must adopt a resolution and it is irrevocable. A resolution may become effective only on January 1st. The preceding November 15th is the filing deadline. Once filed, a resolution may not be withdrawn after November 15th. When an employer joins the WRS, participation may not be limited to a particular employee group. All employees who meet specific eligibility criteria must be enrolled.

An important aspect of joining the WRS is deciding what amount of Prior Service credit, if any, employees will be given. On the resolution form, each employer will be required to recognize a specific percentage of prior service credit. Prior Service Credit means service rendered by eligible employees prior to the effective date of the employer's participation under the WRS. Prior service applies to each person who becomes a participating employee on the employer's effective date of participation under the WRS. An employer may elect a percentage of prior service from zero percent to 100 percent in increments of 25 percent. The cost associated with prior service credit is the employer's responsibility. ETF recommends the employer request a cost study before filing a resolution on which a percentage of prior service other than zero is elected.

To obtain additional information about how to join the Wisconsin Retirement System, refer to How to Participate in WRS (ET-1129) or call the Employer Communication Center at 608-264-7900.