WRS News Online

Review Your Statement of Benefits

Take a few minutes to review your Wisconsin Retirement System annual Statement of Benefits. This important document is a summary of your year-end retirement account information. Keep your statement with your important paperwork.

Here are some essential things to know and do:

  1. Check your 2017 earnings and years of creditable service for accuracy. Contact your employer if you have concerns about reporting errors. Contact ETF for other questions.

  2. Check employee required and employer required contributions.

    • Note how much you and your employer contributed to your account and how much your account balances changed with the effective rate of interest. This rate changes from year to year, depending on investment returns. Here is more information about how WRS trust fund investment returns have affected both the effective rates and annuity adjustments (for retirees) since 1986.

    • Contributions paid by you and your employer (plus applicable interest) constitute your Money Purchase Balance. (See Section 9)

    • When you retire, ETF calculates your benefit estimate using both the formula calculation and the money purchase calculation. Your retirement benefit will be the higher of these two calculations. (See Section 10)

  1. Check Section 4, additional contributions. Did you know you can add money to your WRS retirement account and these deposits receive the effective rate of interest? Additional contributions are a great way to supplement your retirement income. Learn more about how additional contributions enhance your benefits.

  2. See Section 5 and confirm that your beneficiary designation is accurate. Remember: Life events like divorce, marriage, and birth of a child do not automatically change your beneficiary on file with ETF. Do you need to update your beneficiary designation? Complete the Beneficiary Designation form (ET-2320) and send to ETF.

  3. Check your contact information. Is it current? To ensure that you continue to receive important, time-sensitive notifications about your WRS account, keep your mailing address, email and telephone number up to date with ETF. You can change this information by completing an Address/Name Change form (ET-2815) or contact ETF.

For More Information

  • Check out our online resources, including interactive sample statements and answers to frequently asked questions.

  • Sign up for our webinarUnderstanding Your Annual WRS Statement of Benefits

    Statement of Benefits