MADISON, (Wis.) – On June 27th, the Department of Employee Trust Funds (ETF) Secretary David Stella announced that required Wisconsin Retirement System (WRS) employer and employee contribution rates that fund WRS benefits will slightly decrease next year for most employee categories. The 2009 rate changes, recommended by the WRS consulting actuary and approved by the ETF Board, will:
- decrease 0.4% for protective category employees not covered by Social Security;
- decrease 0.2% for general workers (including teachers) and protective category employees covered by Social Security; and
- remain unchanged for executive/elected official/judge category employees.
The rates will go into effect for salaries and wages paid from January 1 to December 31, 2009.
Contribution rate changes, whether higher or lower, are … Continue reading