Local WRS Employers
Vol. 22, Local F
April 19, 2005
Bulletin Provides 2005 Financial
Disclosure Footnote To Help Employers Complete Annual Financial
Statements and Reports
The Department of Employee Trust Funds (ETF) annually provides
Wisconsin Retirement System (WRS) employers with model language
for use in required WRS footnotes in annual financial statements
The footnote shows where to insert information specific to each
employer. We also enclose a data sheet for each employer, containing
specific information to insert into the footnote. The only information
you will need to develop using your own records is total employer
payroll, including non-participating employees.
The unfunded actuarial accrued liability balance appearing on the
data sheet is as of December 31, 2004. We have included 2005 prior
service contribution rates should you wish to calculate prior service
contributions made during 2005 and update your liability balance.
The footnote is intended to serve as a model for use by all WRS
employers. You and/or your auditors may wish to modify the language
for your own purposes.
Employers with questions should contact Nancy Kittleson, ETF Office
of Trust Finance & Data Analysis, at (608) 267-9034.