All WRS Employers
Vol. 19, No. 7
April 10, 2002
Deliver Employee Annual Statement of Benefits
and Return WRS Distribution Report
A personalized Wisconsin Retirement System (WRS) annual Statement
of Benefits (dated January 1, 2002) is enclosed for active
employees who have WRS contribution balances as of December 31,
2001. 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 of Benefits. Once
you distribute the Statements to your employees, complete the Distribution
Report included with this Bulletin and return it to ETF by May 31,
Statements Do Not Reflect the 2001 Variable Contributions
Statements do not reflect the 2001 variable contributions for participants
who elected to participate in the variable trust effective in 2001.
Instead, variable contributions for 2001 are included in the fixed
account balances. The statements include a brief generic explanation
that the variable contributions are temporarily included in the
Shortly before the January 1, 2002 annual statements were distributed,
ETF sent a letter to all participants who elected variable participation
effective in 2001. The letters included the following information:
- The total January 1, 2002, account balance was not affected
by the fact that the statement does not reflect the 2001 variable
participation. Since 2001 contributions are not credited with
interest until the end of 2002, the fact that the 2001 "variable"
contribution is reflected in the fixed balance instead of a variable
balance does not change the total January 1 account balance.
- When accounts are updated to reflect the variable elections
effective in 2001, the system will also move 50% of the 2001 contributions
from fixed to variable. This will assure that variable interest
for 2002 will be properly credited to the 2001 variable contributions.
Instructions and Guidelines for Statement Distribution
Employers are responsible for distributing Statements of Benefits
to their active WRS covered employees. The following are guidelines
to remember when distributing statements:
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.
Be sure to distribute statements to employees on leave of absence
If a statement is included for an employee who recently terminated
or for which a termination report has not yet been sent to ETF:
- 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.
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
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, 2001.
- Had no balance remaining in their WRS accounts on December
Complete and return the Distribution Report form to ETF by
May 31, 2002.
NOTE: Encourage your employees to carefully read
the supporting material enclosed with their Statement of Benefits.
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
ETF continually seeks to improve the annual Statement of Benefits
format and we welcome your feedback. Please address all comments
Division of Employer Services
P.O. Box 7931
Madison WI 53707-7931
You may also contact him via e-mail: firstname.lastname@example.org.
For questions regarding the distribution of annual Statements
of Benefits, contact Dale Ferron at (608) 266-0728 or e-mail
him at email@example.com. For all
other questions, please call the Employer Communication Center at
Don't forget to complete and return the Distribution
Report form by May 31, 2002!
Link to: Distribution