calculators
Member Education
forms and publications
news
about etf
frequently asked questions
contact etf
site map
related links
home
top of page
Wisconsin Department of Employee Trust Funds
Wisconsin Department of Employee Trust Funds
members retirees employers governing boards careers at etf
Wisconsin Department of Employee Trust Funds

Statement of Benefits

Members

Wisconsin Retirement System Annual Statement of Benefits
Man reading statement
Watch for your 2016 Statement of Benefits in mid-April.
Girl on laptop
The statement is a summary of your WRS pension account, including year-end balances & beneficiary designations.
Woman on tablet in wheelchair
Learn more: see the interactive statement,
sign up for a webinar or
view an explanation.
Business Meeting
Questions? Please contact your employer, or if you’re an inactive WRS member or alternate payee, contact ETF.
Senior Couple
This is a good time to review your financial plans for supplementing your retirement income.
slideshow

Please take some time to carefully review your Wisconsin Retirement System Annual Statement of Benefits. This statement, prepared by ETF, reflects your WRS retirement pension benefit projections and other account information as of January 1, 2017.

Interactive Statement

Interactive Sample Statement of Benefits

Q&A

Frequently asked questions about your Statement of Benefits

Contact myETF

Contact ETF
for more assistance

You should receive a statement if you are an:

  • Active WRS Employee
    • You are currently employed by an employer that is in the WRS
  • Inactive WRS Employee
    • You previously worked for an employer that was in the WRS and you have not taken a benefit.
  • Alternate Payee
    • You are the former spouse or domestic partner of a WRS participant to whom the court has awarded a percentage of a participant's WRS account or annuity through a Qualified Domestic Relations Order (QDRO)

Note: Retirees who have not yet taken a benefit from their additional contributions will receive a statement of benefits.

As you review your statement, here are a few important things to consider:

Is your contact information accurate?

See front, upper left side of your statement.

To ensure that you continue to receive important, time-sensitive notifications about your Wisconsin Retirement System account, keep your mailing address, email and telephone number up to date. You can update this information by completing an Address/Name Change (ET-2815) form (available as a PDF or Word document), sending a secure email or calling ETF toll-free at 1-877-533-5020.

If you are an active employee (currently working for a WRS employer), notify your employer of the correction.

Are your reported earnings, years of creditable service and employee contributions accurate?

See Sections 1, 2, 3, 4 of your statement.

If you believe an error has been made, contact your employer’s payroll office. Your employer will report any needed corrections to ETF. If your employer is unable to resolve your concerns, send your request in writing to: Department of Employee Trust Funds, P.O. Box 7931, Madison, WI 53707-7931.

Is your primary beneficiary designation(s) accurate?

See Section 5 of your statement – Beneficiaries added before 1988 are not listed.

You may add, change or remove beneficiaries at any time by completing a Beneficiary Designation (ET-2320) or Beneficiary Designation-Alternate (ET-2321) form.

Remember: Death benefits are always paid according to the most recent, valid beneficiary designation on file with ETF prior to your death. If a beneficiary designation is not on file, death benefits will be paid according to statutory standard sequence. Your beneficiary information does not automatically change when a life event occurs, such as a marriage or a divorce. Be sure to inform your beneficiaries that they have been listed and should keep their contact information up to date with ETF.

How is your retirement benefit calculated?

See Sections 8, 9, 10 of your statement.

Contributions paid by you and your employer (plus applicable effective rate interest) are found in Section 9 of the statement. ETF calculates your benefit projections using both the formula and money purchase methods. Your retirement benefit will be the higher of these two calculations, as explained in Section 10 of the statement.

How can you get your official retirement benefit estimate from ETF?

You can run your own estimates for future retirement benefits any time by using the WRS Retirement Benefits Calculator. When you are within one year of minimum retirement (age 55, or age 50 if you have protective category service) and are vested, you can request an official retirement benefit estimate by completing the secure online Retirement Estimate Request or a Benefit Information Request (ET-7301).

How can you grow your retirement Income?

The WRS is a qualified governmental pension plan under Internal Revenue Code Section 401(a). Unlike a 401(k) plan, the WRS is a defined benefit plan with a variable investment option and protected by Wisconsin state law.

Your WRS pension provides some financial security and future retirement income, when combined with Social Security and other personal savings. You can grow your WRS pension by making additional contributions or purchasing creditable service (if eligible). If your employer offers the Wisconsin Deferred Compensation Program or a similar program, check into how it can help supplement your retirement income.