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News

Department of Employee Trust Funds
June 27, 2017

WRS Contribution Rates to Decrease in 2018

Contributions paid by Wisconsin Retirement System employees will decrease slightly for most individuals, effective January 1, 2018.

Total 2018 contribution rates, expressed as a percentage of salary, are indicated in the table below.

WRS Required Contribution Rates

Employee Category

Total Rate
2017

Total
Rate
2018

 Employee Share of Total Rate
2018

Employer Share of Total Rate
2018

 

% Change

General,
Elected Official/
Executive/Judge

13.6%

13.4%

6.7%

6.7%

Decrease 0.2%

Protective with Social Security

17.4%

17.4%

6.7%

10.7%

No change

Protective without Social Security

21.7%

21.6%

6.7%

14.9%

Decrease 0.1%

Note: Rates for other mandatory employer-paid contributions for duty disability, the state's Accumulated Sick Leave Conversion Credit Program, or unfunded liabilities are not included in the above figures, as they vary by employer.

The 2018 rate changes are primarily due to higher favorable WRS Trust Fund investment performance. In general, when trust fund investment earnings are greater than expected, contribution rates may decrease the following year. When earnings are lower than expected, rates may increase to make up for the shortfall.

Changes in WRS contribution rates are designed to be stable, with investment returns for the Core Fund smoothed over a five-year period.

WRS contribution rates are set annually by the ETF Board, upon review of its consulting actuary’s annual valuation of the system and its funding requirements. The total rates are generally split evenly between employees and employers and adjusted annually. Contributions are paid in full, ensuring full funding of future WRS benefits.

 

For More Information

 

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