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Local Governments and School Districts Blog

2016 WRS Contribution Rates

Authored by Ruder Ware Attorneys
Posted on July 9, 2015
Filed under Local Governments and School Districts

The Wisconsin Department of Employee Trust Funds (ETF) recently set the 2016 Wisconsin Retirement System (WRS) required contribution rates for employers and employees.  Most employers and employees will see a slight decrease in rates.  

For general and teacher employees the WRS contribution rates will be 6.6% for both the employer and the employee, a decrease from the 2015 rate of 6.8%.  For protective service employees with social security and for protective service employees without social security, their contribution rates will be 6.6%, a decrease from the 2015 rate of 6.8%.  The employer contribution rates for protective employees with social security will be 9.4%, a decrease from the 2015 rate of 9.5%, while the employer contribution rate for protective employees without social security will be 13.2%, an increase from the 2015 rate of 13.1%.  These contribution rates may be different for protective employees with collective bargaining agreements.

The ETF notes that while there are many factors affecting WRS contribution rates, the decrease for 2016 is primarily due to trust fund positive investment returns.

With these rates now announced for 2016, municipal employers are in a better position to prepare their 2016 municipal budgets.