HR, Payroll and Benefits News

WRS Annual Statement of Benefits Now Available in the Portal
April 21, 2016

If you were covered by the Wisconsin Retirement System (WRS) in 2015, your WRS Annual Statement of Benefits is now available in My UW System. Go to the Benefit Information module and click on the Statements tab. Click on “2015 ETF Annual Statement of Benefits (WRS) Issued 2016” to view or print your statement.

The WRS Annual Statement of Benefits provides you with information about your WRS account as of January 1, 2016. The Explanation of Annual Statement of Benefits provides you with information to help you understand your statement. The Department of Employee Trust Funds (ETF) has also published an Introductory Letter for the statement.

It is recommended that you review each section of your statement using the explanation as a guide:

• 2015 Earnings and Service
• Years of Creditable Service as of January 1, 2016
• 2015 Employee Required Contributions (Note: In section 3, the small amounts shown in Employer Paid Employee contributions occur due to rounding in calculations used to produce this statement or from the payroll system.  This does not apply to all employees.)
• Additional Contribution
• Primary Beneficiary Designation(s) for WRS Required Account
• Separation Benefit
• Death Benefit
• Formula Benefit Data
• Money Purchase Balance (Total required employee and matching employer contributions, including interest.)
• Retirement Benefit Projections

NOTE: New WRS participants who enrolled in late December 2015, and whose first wages were paid in January 2016, will not receive a statement because no WRS contributions were paid in 2015.

Additional Resources

In addition to the Explanation of Annual Statement of Benefits and the ETF Introductory Letter, a schedule of the Live Webinar: Understanding Your Annual WRS Statement of Benefits is available on the WRS Annual Statement of Benefits Help Page along with other resources.

If you have questions, please contact your Benefits office.

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