Posted 2:03 p.m. Tuesday, Nov. 16, 2021

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WRS News Online- News and Information for Non-Retired Members of the Wisconsin Retirement System

Pay Attention to Year-End Deadlines

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If you're considering making any of the following WRS benefits-related decisions, be aware of important deadlines and take action soon:

  • Making additional contributions to your WRS account
  • Withdrawing a health insurance application/change
  • Buying creditable service
  • Electing or canceling Variable Trust Fund participation

More Year-End Deadlines>

Highlights

Teachers Retirement Board Election Set

Teachers Retirement Board Election Set: Watch your mailbox for candidate information and voting instructions in January.

Three candidates have filed nomination papers for two available Teachers Retirement Board seats, representing active teacher members not employed by the Milwaukee Public School District. The election is set for late January 2022. Watch your home mailbox in January for candidate information and ballots with voting instructions. 


WDC Program Announces Fee Reductions

Monthly participant fees for the Wisconsin Deferred Compensation Program will decrease by an average of 34%, effective January 1, 2022. The Deferred Compensation Board, citing favorable investment returns and administrative cost savings, recently approved the fee decrease. More Fee Reductions> 


WDC Lifetime Income Score Tool Helps With Financial Planning

The Wisconsin Deferred Compensation Program has received national recognition for a pilot project that increased participants’ engagement with their retirement savings strategies and plans. Have you logged into your account lately? Notice that you’re benefiting from the results of this project. More Lifetime Income Score>


WRS Pension Estimate Sample

Savi: Student Loan Relief Program for WRS Members

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Don’t let student loan debt be a barrier to achieving your personal or financial goals. If you need help navigating the complexities of federal student loan programs to lower payments or forgive loans, check out the free Savi Student Loan Relief Program. More Savi>


New Episodes of The SWIB Podcast

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Check out two new SWIB podcasts! Follow along as Executive Director/Chief Investment Officer Edwin Denson shares his vision for leading the organization. And did you know SWIB is celebrating 70 years of service to Wisconsin? Hear about the unique partnership that led to the creation of one of the country’s premier investment managers and how SWIB has kept the WRS strong over the past seven decades. Listen to the podcasts.


Video: Choosing When to Retire

Do you need some help figuring out a retirement date? Watch our video for an overview of the factors involved, including how timing affects your pension amount, the "December vs. January" question, and other considerations. More Choosing When to Retire>


Webinar November 17: Holiday Spending

With the holiday shopping season in full swing, it's more important than ever to keep on track with your spending and budget. Join us for this free webinar, Holiday Spending, presented by our Wisconsin Strong partner, Summit Credit Union, to learn tips and tricks for saving time and avoiding overspending. Two sessions offered Nov. 17. Register now.

 


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Know Your Benefits

Q: I will make additional contributions to my account this year, before the deadline. I decided to retire after the first of the year, with an effective date of April 1, 2022.  When ETF calculates my final benefit, will the interest applied to these additional contributions be prorated?

A: Yes, your 2021 additional contributions will receive prorated 5% interest. If your effective date is in April, then that would be 1.25%. Also, any existing additional contributions deposited prior to December 31, 2020 will receive both the effective rate of interest for 2021 and 1.25% interest for 2022.