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Wis. Stat. § 66.0518

Defined benefit pension plans

Known as the Urban Redevelopment Law

The act spans §§ 66.0101 to 66.1341 (246 sections).

2011 a. 10

A local governmental unit, as defined in s. 66.0131 (1) (a), may not establish a defined benefit pension plan for its employees unless the plan requires the employees to pay half of all actuarially required contributions for funding benefits under the plan and prohibits the local governmental unit from paying on behalf of an employee any of the employee’s share of the actuarially required contributions.

Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.