Local WRS Employers
Vol. 19, Local C
April 18, 2002
WRS Annual Reconciliation Reports and Employer Annual Contribution
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
Employer Annual Contribution
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
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