Posted 8:24 a.m. Wednesday, June 23, 2021
At its June 17, 2021 meeting, the Employee Trust Funds Board approved Wisconsin Retirement System contribution rates for 2022, including rates for Wis. Stat. § 40.65 protective occupation duty disability and the Wisconsin Sick Leave Conversion Credit Programs (state employers only).
At its June 17, 2021 meeting, the Employee Trust Funds Board approved Wisconsin Retirement System contribution rates for 2022, including rates for Wis. Stat. § 40.65 protective occupation duty disability and the Wisconsin Sick Leave Conversion Credit Programs (state employers only). These rates are based on current benefit levels and recommendations from the Board’s independent consulting actuary.
There are many factors that affect WRS contribution rates, such as investment performance, legislative adjustments to benefit levels, demographics, etc.
Positive investment returns in 2020 was the primary reason for a decrease in rates. For more information about the 2022 rates, the actuarial valuation report and presentation is available in the board meeting materials.
