Wisconsin § 40.05 - Contributions and premiums.

§ 40.05. Contributions and premiums.

40.05(1) (1) Employee retirement contributions. For Wisconsin retirement system purposes employee contributions on earnings for service credited as creditable service shall be subject to federal annual compensation limits and shall be made as follows: 40.05(1)(a) (a) Subject to par. (b) : 40.05(1)(a)1. 1. For each participating employee not otherwise specified, a percentage of each payment of earnings equal to one-half of the total actuarially required contribution rate, as approved by the board under s. 40.03 (1) (e) . 40.05(1)(a)2. 2. For each participating employee whose formula rate is determined under s. 40.23 (2m) (e) 2. , a percentage of each payment of earnings equal to one-half of the total actuarially required contribution rate, as approved by the board under s. 40.03 (1) (e) . 40.05(1)(a)3. 3. For each participating employee whose formula rate is determined under s. 40.23 (2m) (e) 3. , the percentage of earnings paid by a participating employee under subd. 1. 40.05(1)(a)4. 4. For each participating employee whose formula rate is determined under s. 40.23 (2m) (e) 4. , the percentage of earnings paid by a participating employee under subd. 1. 40.05(1)(a)5. 5. Additional contributions may be made by any participating employee by deduction from earnings or otherwise or may be provided on behalf of any participating employee in any calendar year in which the participating employee has earnings, subject to any limitations imposed on contributions by the Internal Revenue Code, applicable regulations adopted under the Internal Revenue Code and rules of the department. 40.05(1)(a)6. 6. Under the rules promulgated under s. 40.03 (2) (r) , additional contributions that are attributable to a death benefit paid under s.