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LABOR ASSOCIATION OF WISCONSIN, INC

11430 West Bluemound Road, Suite 104
Wauwatosa, WI 63226
T (414) 476-6000
F (414) 476-6015
E law@law-inc-wi.com

 

N116 W16033 Main Street
Germantown, WI 53022
United States

262-946-4000

The Labor Association of Wisconsin, Inc., is a 21st Century labor relations firm and has been representing public employees throughout the state of Wisconsin since 1985.

L.A.W., Inc provides  labor representation specializing in law enforcement.  Our Full Service plan, offers representation in collective bargaining, grievance handling, discipline, prohibited practice complaints, unit clarification, declaratory ruling and any other hearing before the WERC among other benefits provided by LAW.  Contact us for more information.

News and Updates

News and information updates for LAW, Inc. association members.

ETF Board Sets 2014 WRS Contribution Rates

Debbie Plunkett

 Department of Employee Trust Funds 

 ETF Board Sets 2014 WRS Contribution Rates

Contribution rates for Wisconsin Retirement System (WRS) employers and employees will increase in 2014, the Employee Trust Funds Board (Board) announced. The following rate increases were recommended by the WRS consulting actuary and approved by the Board on June 20:

  • 0.7% of payroll for general category employees (including teachers)
  • 1.5% of payroll for executive/elected official/judge category employees
  • 0.7% of payroll for protective category employees covered by Social Security
  • 1.7% of payroll for protective category employees not covered by Social Security

In general, the total contribution rate is split equally between the employee and the employer. This means general category employees will contribute .35% more in 2014. Executive/elected official/judge category employees will see an increase of .75%.

Why are contribution rates increasing?

While many complex factors affect WRS contribution rates, the increase is primarily due to the lingering effects of 2008’s global economic meltdown. 2014 is the last year that the investment declines will affect WRS contribution rates. Contribution rate changes, whether increases or decreases, are considered normal for retirement systems that have defined, or pre-funded, benefits.

Core Trust Fund investment results are distributed (“smoothed”) over five years to soften the impact of year-to-year volatility of investments. This also helps to keep WRS contribution rates stable. For example, over the past 25 years the rate for general category employees has deviated by just 2%.

The new rates (shown below) go into effect January 1, 2014. Rates may be different for employees who have collective bargaining agreements. Other mandatory employer contributions for duty disability, the state's Accumulated Sick Leave Conversion Credit Program, or unfunded liabilities are not included and vary by employer.

Employee CategoryTotal Rate 2013Total Rate 2014Employee Contr. 2013Employee Contr. 2014
General/Teacher13.3%14.0%7.0%7.0%
Elected Official/Exec/Judge14.0%15.5%7.75%7.75%
Protective with Social Security16.4%17.1%7.0%10.10%
Protective without Social Security19.0%20.7%7.0%13.7%

Created with the HTML Table Generator

Employee Category

Total Rate
2013

Total 
Rate
2014

Employee 
Contribution 
for 2014

Employer 
Contribution
for 2014

General/Teacher

13.3%

14.0%

7.0%

7.0%

Elected Official/Executive/Judge

14.0%

15.5%

7.75%

7.75%

Protective with Social Security

16.4%

17.1%

7.0%

10.10%

Protective without Social Security

19.0%

20.7%

7.0%

13.7%

For additional information:  How are WRS Contribution Rates Determined?