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Staff Newsletter

Staff Senate

Points to Ponder: Increases to Retirement Contributions Begin July 1, 2014

With the new fiscal year comes increases, mandated by the Wyoming State Legislature, in both the employee and employer contributions to public employee pension plans.  

According to the WRS Spring 2014 newsletter (see Table A. Public Employee Pension Plan – Impact of HEA 11 (House Bill 46)), beginning this July 1, employees will begin contributing an additional 0.375% in earnings to their retirement accounts, while employers (including UW) will begin contributing an additional 0.875%. 

The employee contribution level is projected to increase again in July 2016 by 0.25%, and the following July by another 0.375%, for a total 1.0% increase over three years.

The employer contribution is projected to increase by another 0.75% next year, and then, as employee contributions increase, will fall to a 1.0% total increase by 2017.

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UW Staff Senate

Merica Hall, Room 320

1000 E. University Ave.

Dept. 3413

Laramie, WY 82071

Phone: (307) 766-5300

Email: staffsen@uwyo.edu

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