Wisconsin public-sector employees are facing another increase — to a 7 percent total contribution — in their pension contribution under Gov. Scott Walker‘s 2011 legislation requiring employees in the state retirement system to share retirement costs with their employers.
The amount Wisconsin public-sector employees and their employers contribute toward pensions in the Wisconsin Retirement System will increase, but by a smaller amount than in 2013. The increase will be 0.35 percentage points in 2014, according to a recently released report from the Wisconsin Retirement System.
Read the full article at The Business Journal.