calculators
Member Education
forms and publications
news
about etf
frequently asked questions
contact etf
site map
related links
home
top of page
home
members retirees employers governing boards careers at etf
 
News

Department of Employee Trust Funds
June 25, 2018

WRS Contribution Rates to Decrease in 2019

Required Wisconsin Retirement System contributions will decrease slightly for all employee types, effective January 1, 2019.

Total 2019 contribution rates, expressed as a percentage of salary, are indicated in the table below.

WRS Required Contribution Rates

Employee Category

Total Rate
2018

Total
Rate
2019

 Employee Share of Total Rate
2019

Employer Share of Total Rate
2019

 % Change

General,
Executive and Elected Officials

13.4%

13.1%

6.55%

6.55%

Decrease 0.3%

Protective with Social Security

17.4%

17.1%

6.55%

10.55%

Decrease 0.3%

Protective without Social Security

21.6%

21.5%

6.55%

14.95%

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 2019 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.

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

In addition, the ETF Board approved 2019 rate reductions for the following employer-paid benefit programs:

 

For More Information

 

supporting excellence in Wisconsin public service