2013 Wisconsin Retirement System (WRS) Interest Rates and Annuity Adjustments
March 10, 2014
The Department of Employee Trust Funds (ETF) has announced the Wisconsin Retirement System (WRS) interest rates and annuity adjustments based on 2013 investment returns. Both the interest rates and annuity adjustments are based on the investment performance earned by the State of Wisconsin Investment Board (SWIB).
The 2013 Core effective rate of interest is 10.9% and the Variable effective rate of interest is 31%. Interest rates are applied to the balance of employees' WRS accounts as of January 1, 2013. See the full ETF article at: http://etf.wi.gov/news/ht_20140213.htm.
The 2013 Core annuity adjustment is 4.7% and the Variable annuity adjustment is 25%. The annuity adjustments apply to retired members of the Wisconsin Retirement System and will be effective on the May 1, 2014 annuity payment. See the full ETF article at: http://etf.wi.gov/news/ht-2014-aa.htm.
Source: UW System Administration
Categories: WI Retirement System (WRS)