State and local government employees covered under the Wisconsin Retirement System will receive “modest” credits to their retirement account balances this year, Eric Stanchfield, secretary of the Department of Employee Trust Funds, announced today.
The rate for the larger core Fixed Fund is 6.5 percent, while the rate for the smaller all-stock Variable Fund is 9 percent. The increases last year were 8.5 percent and 12.0 percent, respectively.