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Budget office spells out large 2025 transfers to cover WRS and Social Security overruns; committee presses for better forecasting
Summary
Budget staff told the Finance Committee that transfers from the wages supplement fund totaling roughly $4.13 million are needed to cover 2025 overages for the Wisconsin Retirement System (WRS) and Social Security; members asked for improved forecasting and warned the trend could recur.
The Finance & Personnel Committee heard Feb. 4 from the budget office about two fund transfers to address 2025 overages: roughly $869,105 for retirement system (WRS) costs tied to hires enrolled after Jan. 1, 2024, and about $3,000,258.56 for Social Security expenditures reflecting higher actual salary outlays.
Brian Reiner of the budget office said the 2025 wages…
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