HR, Payroll and Benefits News

Wisconsin Retirement System Annual Statement of Benefits
April 12, 2010

UW employees covered by the Wisconsin Retirement System (WRS) in 2009 will be receiving their annual WRS statement in campus mail beginning the week of April 12, 2010. The statement provides employees with information about their individual WRS account as of January 1, 2010. The statement includes:

• 2009 WRS earnings and creditable service;
• Total years of WRS creditable service;
• The 2009 effective rate of interest and contributions applied to your account;
• Additional contribution information (if applicable);
• Primary beneficiary, if you have filed a beneficiary designation since 1982;
• Separation benefit and death benefit calculations;
• Formula benefit data and money purchase balance information showing the data used to calculate your retirement benefit. If you participate in the Variable Fund, it will also list your Variable account excess / deficiency as of January 1, 2010.

Employees should review their statement. A complete explanation is included with the statement. In addition, employees can view the Employee Trust Funds "Your Annual Statement of Benefits" video for detailed information on how to interpret their statement.

Note: Classified employees may notice that their 2008 earnings are higher than their 2009 earnings. This is due to there being 27 pay periods in 2008 and 26 pay periods in 2009. All employees receive full WRS credit for any furlough time taken.

Related link: 2010 Variable Fund Effective Rate and Variable Annuity Adjustment (revised March 26)

If you have questions, please contact your campus benefits office.

Source: UW Service Center
Categories: WI Retirement System (WRS)