2013 Effective Rates for Wisconsin Retirement System (WRS)
February 17, 2014
The Department of Employee Trust Funds (ETF) has announced the final Wisconsin Retirement System (WRS) interest rates for 2013. The Core Fund effective rate of interest is 10.9% and the Variable Fund effective rate of interest is 31%. Interest rates are applied to the balance of employees' WRS accounts as of January 1, 2013. The rates are based on investment performance earned by the State of Wisconsin Investment Board (SWIB).
ETF expects to announce the Core and Variable annuity adjustments in March. These adjustments will first be reflected on retirees' May 1, 2014 payments.
See the full article here: http://etf.wi.gov/news/ht_20140213.htm.
Source: UW System Administration
Categories: WI Retirement System (WRS)