Wisconsin Retirement System

All full-time and most part-time employees are covered immediately under the Wisconsin Retirement System.  Vested employee-required contributions, approximately 5% of an employee's earnings, are made by the State on behalf of the employee.  The State pays another 5-10%, depending upon the employee's occupational status, toward the non-vested employer-required contribution.

Deferred Compensation  

The Deferred Compensation Program allows employees to invest pre-tax earnings into a variety of investment options offered by the program. The annual maximum in 2007 is $15,500, and this will be periodically increased by the federal government in $500 increments based on changes in the Consumer Price Index. 

There are 21 investment options currently offered by the plan, plus a self-directed brokerage option that provides more than 2,000 mutual fund choices, available through the Schwab Personal Choice Retirement Account.

Please visit the Department of Employee Trust Funds Wisconsin Deferred Compensation web site for detailed information about the program.