2016 Wisconsin Retirement System (WRS) Contribution Rates Announced

The Wisconsin Department of Employee Trust Funds (ETF) has published the Wisconsin Retirement System (WRS) contribution rates for 2016.  Contribution rates for most WRS employers and employees will decrease for 2016.

The total rates for the “General/Teacher” employee category decrease from 13.6 percent in 2015 to 13.2 percent in 2016.  In most instances this means that both the school district employee and employer contributions will change to 6.6 percent on January 1, 2016 (unfunded liabilities are not included and, if those exist, they will vary by employer).

The ETF notes that rates are decreasing primarily due to positive investment returns. The full ETF press release is available here.