calculators
forms and publications
news
about etf
frequently asked questions
contact etf
site map
video library
related links
home
top of page
home
members retirees employers governing boards careers at etf
 
Employers

Employer Bulletin

Local WRS Employers
Vol. 19, Local C
April 18, 2002

WRS Annual Reconciliation Reports and Employer Annual Contribution Statements Enclosed

2001 WRS Annual Reconciliation Reports

The Department of Employee Trust Funds (ETF) has completed the annual reconciliation of calendar year 2001 earnings and contributions. This Bulletin includes the final reconciliation documentation of transactions reported and contributions paid in 2001.

Please forward these materials as soon as possible to the designated individual in your office responsible for processing WRS contribution reports.

In order to ensure the accuracy of each employee's WRS account balance, it is critical that the designated employer representative review the attached final reconciliation reports. The letter included with the materials provides a detailed explanation of the documentation and contains specific instructions for resolving any discrepancies.

Please direct questions regarding this Bulletin to Rick Parpart at (608) 267-2198 or e-mail him at rick.parpart@etf.state.wi.us.

Employer Annual Contribution

Statements Enclosed

Included with this Bulletin are copies of your 2000 and 2001 Employer Annual Contribution Statements. Please direct questions concerning your prior service liability to Nancy Kittleson at (608) 267-9034.

Unfunded Actuarial Accrued Liability (UAAL) Internet Calculator

To determine an employer's unfunded actuarial accrued liability (UAAL) amortization schedule, refer to the UAAL Calculator on ETF's web site at etf.wi.gov. To reach the UAAL Calculator, select "Employer" from the Homepage. Choose the button labeled "Local Employer Projected Unfunded Actuarial Accrued Liability Calculator". A screen entitled "Projected Unfunded Actuarial Accrued Liability Amortization Schedule" will appear.

The UAAL Calculator projects your prior service payments and interest using the current Actuarial Assumptions of the Wisconsin Retirement System for the 8% interest rate and for the salary increase rate, currently set at 4.5 percent. Using these assumptions, the calculator produces a schedule that projects an employers payments and interest through the year 2029.

Please direct questions concerning your prior service liability or the Local Employer Projected Unfunded Actuarial Accrued Liability Calculator to Nancy Kittleson at (608) 267-9034 or e-mail nancy.kittleson@etf.state.wi.us.

 

supporting excellence in Wisconsin public service