School Board Locks in Employee WRS Contribution

Teachers in the Menomonee Falls School District will contribute their mandatory payments into their Wisconsin Retirement System account when the first paycheck comes out next school year.

The School Board passed a resolution Monday to lock in the mandatory employee contribution. With the passage of 2011 Act 10, the district was required by law to pass the resolution. Employees in the district will contribute 5.8 percent of their accrued wages into the WRS.

A provision that was included with the passage of the state biennial budget also requires that this payment be made pretax.  The first pay period beginning in the 2011-12 school year will include the new provisions.

Last chance discuss preliminary budget

Throughout the year, the district has been working through numerous workshops and public hearings to craft the budget for the 2011-12 school year. The final opportunity to discuss the preliminary budget with district officials before the annual meeting is on Aug. 8.

The district will hold public preliminary budget hearing at 6:15 p.m. at Village Hall prior to their regular meeting, which begins at 7 p.m. The school board has had presentation in May and June regarding the budget.

“We do have a balanced budget to go forward with in the 2011-12 school year that will serve the kids well,” said Jeff Gross, director of business services.

A final budget hearing will be held at 6:15 p.m. before their annual meeting Sept. 12, which is the same day the budget is voted on by the School Board. Information and details regarding the budget will be available online after the Aug. 8 meeting.