2014 Effective Interest Rates for Wisconsin Retirement System (WRS)
March 11, 2015
The Department of Employee Trust Funds (ETF) has announced the 2014 interest rates to be credited to eligible WRS retirement accounts . The Core Fund effective rate of interest is 8.7% and the Variable Fund effective rate of interest is 7.0%. These rates are applied to the balance of employees' WRS accounts as of January 1, 2014. 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 by mid-March. These adjustments will first be reflected on retirees' May 1, 2015 payments.
See the full article here: http://etf.wi.gov/news/ht_20150306.htm
For more information:
Source: UW Service Center
Categories: WI Retirement System (WRS)