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News

Department of Employee Trust Funds
June 29, 2010

Contribution Rates for 2011 Approved

At its June 24, 2010, meeting, The Employee Trust Funds (ETF) Board accepted the Wisconsin Retirement System (WRS) consulting actuary’s recommendations to raise employer and employee contribution rates for the 2011 calendar year. The contribution rate increases in 2011 are largely due to the unprecedented investment declines brought about by 2008 stock market experience. WRS Core Fund investment earnings are smoothed over five years to reduce volatility in rates and, as a result, the effects of 2008 will be felt for years to come. The rates are as follows:

Employee Category
2010
2011
Percent of Payroll Increase
General/Teacher
11.0%
11.6%
0.6%
Elected Official/Executive/ Judge
11.9%
13.3%
1.4%
Protective Covered by Social Security
14.1%
14.7%
0.6%
Protective not Covered by Social Security
15.2%
17.0%
1.8%

WRS Contribution Rate History

WRS Contribution Rates for 2010 & 2011

 

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