WRS contribution rates to decrease in 2018
The Department of Employee Trust Funds (ETF) has announced that contributions paid by Wisconsin Retirement System (WRS) employees will decrease for most UW–Madison employees effective Jan. 1, 2018. WRS contribution rates are set and adjusted annually. According to ETF, the 2018 rate changes are primarily due to higher favorable WRS Trust Fund investment performance. Contribution rates for UW–Madison employees are determined by WRS employment category. For general employees, the contribution decreases from 2017’s 6.8 percent each from employee and employer, to 6.7 percent from each in 2018.