|
The City shall pay the
full cost, for a regular full-time employee, of the employee's
portion of the premium to the Wisconsin Retirement Fund, effective
the first day of employment.
-
Employee
automatically enrolled
-
City of Appleton
pays 100% of the contribution for all full-time employees. The
contribution amounts are broken down into four classes of
employees (see chart below)
-
Annual statements
-
Newsletter issued
twice each year
-
Upon
termination, an employee can withdraw the employee
contribution percentage only
-
Upon retirement,
an employee can request to draw a monthly annuity
-
If an employee
works less than 5 years and does not withdraw the employee
contribution at termination, a lump sum payment will be made at
retirement time
| Category |
Employer
Contribution |
Employee
Contribution |
Eligibility
Date |
| General
Employees |
4.6%
|
6.0%
(City
pays)
|
1st
Day of Employment |
| Elected
Officials |
8.5% |
3.0%
(City
pays)
|
1st
Day of Employment |
| Protected
with Social Security (Police) |
11.8% |
5.1%
(City
pays)
|
1st
Day of Employment |
| Protected
without Social Security (Fire) |
14.4% |
3.4%
(City
pays)
|
1st
Day of Employment |
|
