WRS Contribution Rates to Decrease in 2019
The Department of Employee Trust Funds (ETF) has announced that contributions made by employees covered under the Wisconsin Retirement System (WRS) will decrease slightly for all employee types effective January 1, 2019. WRS contribution rates are set and adjusted annually.
The 2019 rate changes are primarily due to higher favorable WRS Trust Fund investment performance.
Contribution rates for UW System employees are determined by WRS employment category. Most UW employees are in the General/Teacher WRS category. High level administrators (chancellors, presidents, vice presidents, provosts) are in the Executive category. Employees whose main duties are related to law enforcement or the protection of the public (police officers, fire fighters) are in the Protective category.
2019 WRS Required Contribution Rates
with Social Security
The 2019 rates will apply to all paychecks in 2019; beginning January 2, 2019 for Faculty/Academic Staff and Limited Appointees paid monthly and January 3, 2019 for University Staff employees paid bi-weekly. As a reminder, WRS contributions are deducted on a pre-tax basis for state and federal tax purposes.
For More Information
- Review the ETF brochure, Your Benefit Handbook
- Review the ETF web page WRS Contribution Rate History, which shows WRS contribution rates since 1989
- WRS Actuarial Valuation & Gain/Loss Analysis as of December 31, 2017
Source: UW Service Center