Required contribution rates for all Wisconsin Retirement System covered employees will increase slightly in 2020. Contributions, which are paid by you and your employer into your account – along with annual interest -- fund your WRS benefits. The table below shows how rates will affect all employees, effective January 1.

For example, if you’re in the “General, Executive and Elected Officials” category:

  • In 2019 you and your employer have been paying a rate of 6.55% now, for a total rate of 13.1%; and
  • Beginning January 1, both you and your employer will pay 6.75% of your salary into your account, for a total contribution rate of 13.5%.

Contribution rates change from year to year, based on investment earnings and an annual actuarial analysis. Rate changes are considered normal for retirement systems, like the WRS, that pre-fund benefits.

The ETF Board approved the rates at its June 2019 meeting. The 2020 rate increases are primarily due to two factors: the effects of lower-than-expected Core Trust Fund investment performance and economic assumption changes recommended by the retirement system’s consulting actuary and approved by the ETF Board last December.

The new rates go into effect for salaries and wages paid beginning January 1.

Employee Category

General, Executive and Elected Officials

Protective with Social Security

Protective without Social Security

Year

2020

2019

2020

2019

2020

2019

Employer Cost

6.75%

6.55%

11.65%

10.55%

16.25%

14.95%

Employee Cost

6.75%

6.55%

6.75%

6.55%

6.75%

6.55%

Total Cost

13.5%

13.1%

18.4%

17.1%

23%

21.55%

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.

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