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Employers

Employer Bulletin

All Employers
Vol. 16, No. 6
April 9, 1999

Deliver Employe Annual Statement of Benefits and Return Distribution Report

A personalized Wisconsin Retirement System (WRS) Annual Statement of Benefits (dated January 1, 1999) is enclosed for active employes who had WRS contribution balances as of December 31, 1998. Please distribute the Statements according to the instructions and guidelines provided below.

The Department of Employe Trust Funds (ETF) must verify that all participants receive a WRS Statement. Once you distribute the Statements to your employes, complete the Distribution Report included with this Bulletin and return it to ETF by July 1, 1999.

Statement Format

ETF has reformatted the Annual Statement of Benefits. The January 1, 1999 Statement has one new addition: Section 4 now includes the non-taxable portion of Employe Regular Additional Contributions. In 1998 we added Section 10, "Retirement Benefit Projections," to help participants become aware of and gain an understanding of the WRS benefits payable at the time of retirement. Participants will be able to use the benefit projection included on this year's Statements to see how benefits increase each year as service and earnings grow.

ETF continually seeks to improve the Annual Statement of Benefits format, and we welcome any feedback you wish to share regarding the Statements. Please address all comments to Dale Ferron, Division of Employer Services, P.O. Box 7931, Madison, WI 53707-7931.

Instructions and Guidelines for Statement Distribution

Employers are responsible for distributing Statements to all active WRS employes. Please follow the instructions and guidelines below:

  1. Do not forward Statements to employes via U.S. mail in the envelopes provided. If mailing addresses are insufficient or incorrect, the Statements will be returned to ETF marked undeliverable.
  2. Distribute Statements to employes on leave of absence or layoff. ETF does not retain addresses for active WRS participants.
  3. If a Statement is included for an employe who recently terminated:
    • Return the Statement to ETF along with the Distribution Report(see next page).
    • Immediately submit an Employe Transaction Report(ET2533), including the termination data and employe's last known address, if you have not already done so. ETF will then forward the Statement to the employe.
  4. Encourage your employes to carefully read the supporting material enclosed with the Statements. Most questions can be answered by reading this information.
  5. Be aware that employes may contact you for clarification of WRS service, earnings and/or employment category that you have reported to ETF.
  6. Notify employes who work for more than one WRS employer that their Statements will be sent to the employer with the employe's most recent WRS begin date. Verify this with your employe before contacting ETF.
  7. You will not receive a Statement for employes who:
    • terminated employment that you reported to ETF on an Employe Transaction Report (ET-2533)
    • had no WRS contributions reported as of December 31, 1998, or
    • had no balance remaining in their WRS accounts on December 31, 1998.
  8. Complete and return the Distribution Report form to ETF by July 1, 1999.

Direct any questions regarding distribution of Annual Statements of Benefits to Dale Ferron at 608-266-0728. For all other questions, please call the Employer Communication Center at 608-264-7900.

Don't forget to complete and return the Distribution Report form on the next page by July 1, 1999!


JANUARY 1, 1999 WRS ANNUAL STATEMENT OF BENEFITS
DISTRIBUTION REPORT

Employer Name: ____________________ EIN #__________

I certify that:

  1. I received the January 1, 1999 Statement of Benefits forms for my organization's employes from the Department of Employe Trust Funds on _______________; (month/day)

  2. I distributed all statements to employes beginning on ______________, (month/day)
    except for the following employes for whom I could not make a distribution. For example, they no longer work here. (Provide name and Social Security number; use reverse side of form if more space is needed):

  ____________________   ____________________
 
  ____________________   ____________________
 
  ____________________   ____________________
  _______________________________   ___________
  Signature of WRS Agent   Date

RETURN THIS FORM BY JULY 1, 1999 TO: Department of Employe Trust Funds, Division of Employer Services, P.O. Box 7931, Madison WI 53707-7931.

 

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