Final 2011 WRS Interest Rates and Delay in Annual WRS Statement of Benefits
March 6, 2012
The Department of Employee Trust Funds (ETF) released the final Wisconsin Retirement System (WRS) interest rates and annuity adjustments for 2011. The Core Fund effective rate of interest is 1.5% and the Variable Fund effective rate of interest is -3.0%. This is the amount of interest your WRS account will receive for 2011. If you are in the Variable Fund, that portion of your WRS account will lose 3% for 2011.
For detailed information, including how retirement annuities will be impacted by last year's investment returns, please see ETF's press release and open letter to retirees.
Employees usually receive their annual Wisconsin Retirement System (WRS) Statement of Benefits in late March/early April every year. Due to the implementation of the changes to WRS contributions during the summer of 2011, ETF has indicated that the statement will be delayed and it is not yet known when the statement will be available. Once the statement is released, it will be available in My UW System (under Benefit Information - Statements).
Source: UW System Administration
Categories: WI Retirement System (WRS)