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Employers

Employer Bulletin

All WRS Employers
Vol. 18, No. 15
September 12, 2001

Deliver Employee Annual Statement of Benefits and Return WRS Distribution Report

A personalized Wisconsin Retirement System (WRS) annual Statement of Benefits (dated January 1, 2001) is enclosed for active employees who had WRS contribution balances as of December 31, 2000. Please distribute the Statements according to the instructions and guidelines provided below.

The Department of Employee Trust Funds (ETF) must verify that all participants receive a WRS Statement. Once you distribute the Statements to your employees, complete the Distribution Report included with this Bulletin and return it to ETF by October 31, 2001.

Statement Format Changes

ETF has modified the annual Statement of Benefits to reflect implementation of 1999 Wisconsin Act 11. The January 1, 2001 Statement has the following changes:

  1. In Section 2 the years of WRS creditable service are broken down by service granted before 2000 and service granted after 1999. Total service also displays.

  2. In Section 7, two separate amounts are shown for death benefits:

    Active employees: The death benefit is equal to the employee required contribution balance and matching amount of employer contributions; plus any voluntary additional contributions.

    Inactive participants: The death benefit amount is equal to the employee required contribution balance, plus any voluntary additional contributions.

Supplemental Statement

A supplemental January 1, 2000 statement is included with this year's Statement of Benefits. This supplemental statement reflects the amount of fixed interest added as a result of 1999 Wisconsin Act 11. Your employees will receive this supplemental statement only if they are entitled to additional interest credit for 1999. Employees who began WRS employment in 2000 will not receive a supplemental statement.

Instructions and Guidelines for Statement Distribution

Employers are responsible for distributing Statements to their active WRS covered employees. The following are guidelines to remember when distributing Statements:

  1. Do not forward Statements to employees 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. Be sure to distribute Statements to employees on leave of absence or layoff.

  3. If a Statement is included for an employee who recently terminated:

    • Return the Statement to ETF along with the Distribution Report (see last page).
    • Immediately submit an Employee Transaction Report (ET-2533) including the termination data and employee's last known address, if you have not already done so. ETF will then forward the Statement to the employee.
  4. Notify employees who work for more than one WRS employer that their Statements are sent to the employer with the employee's most recent WRS-begin date. Verify this with your employee before contacting ETF.

  5. You will not receive a Statement for employees who:

    • Terminated employment if you reported the termination to ETF on an Employee Transaction Report (ET-2533).
    • Had no WRS contributions reported as of December 31, 2000.
    • Had no balance remaining in their WRS accounts on December 31, 2000.
  6. Complete and return the Distribution Report form to ETF by October 31, 2001.

    NOTE: Encourage your employees to carefully read the supporting material enclosed with the Statements. Most of their questions can be answered by reading this information. Be aware that employees may contact you for clarification of their WRS service, earnings and/or employment category that you have reported to ETF.

ETF continually seeks to improve the annual Statement of Benefits format and we welcome your feedback. Please address all comments to Dale Ferron, Division of Employer Services, P.O. Box 7931, Madison WI 53707-7931. You may also contact him via e-mail: dale.ferron@etf.state.wi.us.

For questions regarding the distribution of annual Statements of Benefits, contact Dale Ferron at (608) 266-0728 or e-mail him at dale.ferron@etf.state.wi.us. 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 October 31, 2001!

Distribution Report Form

 

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