The 2018 contribution rates for the WELS Pension Plan are now available on this page.
The 10.9% increase was approved by the Retirement Program Commission in its effort to improve the Pension Plan’s financial status. The Plan continues to recover from investment losses during the 2008-09 market downturn as well as increased liabilities due to increasing lifespans of active and retired participants. The Commission expects the annual contribution rate change to return to historical norms (i.e. 3-6% annual increases) within the next two years.