Wisconsin Retirement System (WRS)
Variable Excess/Deficiency Update Calculator
This calculator allows you to update your Variable excess
or deficiency balance
from your last annual Statement of Benefits, if
you have not already begun receiving a monthly annuity.
To update your excess/deficiency balance, you must enter a projected
Core effective interest rate for the year that your last annual
statement was dated (or the actual Core interest rate for that year
if you already know the official rate). If you still participate
in the Variable Fund, you will also need to enter a projected Variable
effective interest rate for that year (or the actual Variable rate
if you already know the official rate).
This calculator will also compute how much your updated Variable
excess/deficiency balance would increase or decrease your monthly
formula annuity at your projected retirement age. Note: The
Variable excess/deficiency balance is only applicable to formula
annuity calculations. If your annuity is higher under the money
purchase calculation, your Variable excess or deficiency balance
is not applicable because the Variable investment returns are already
included in your account balances on which your money purchase annuity
This is not an official update of your Variable account data. That
information will be provided on your next annual Statement of Benefits.
General information about the effects of Variable participation
on your WRS benefits and about canceling Variable participation
is available in the brochure How
Participation in the Variable Trust Affects Your WRS Benefits.
Note: These calculations are only applicable until you receive
a benefit from your WRS account. Once you are receiving a monthly
annuity, these Variable excess/deficiency balance update calculations
do not apply to your Variable annuity.
The method by which your annual Variable excess/deficiency balance
is updated will depend on whether your Variable account balance
has been transferred to the Core Fund as a result of your canceling
your Variable participation. Choose one of the links below to
go to the appropriate calculator:
My Variable contribution balance has been transferred to
the Core Fund, continue
My Variable contribution balance remains in the Variable