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Review Your Statement of Benefits

Have you reviewed your Wisconsin Retirement System annual Statement of Benefits? The statement is a summary of your year-end retirement account information that will eventually be used in benefit calculations. Keep your statement with your important paperwork — you receive this document only once a year and it contains a lot of great information about your benefits!

Top 5 things to do with your WRS annual Statement of Benefits:

  1. Check your 2016 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 Section 3, your employee required contributions.
    • Note how much you contributed 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 trust fund investment returns and how they have impacted effective rates and annuity adjustments since 1986.
    • Did you know your employee required contributions balance is matched by your employer? Contributions paid by you and your employer (plus applicable effective rate 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)
  3. Check Section 4, additional contributions. Did you know you can add money to your WRS retirement account — and that it receives the effective rate of interest? See Effective Rates Applied. You can make additional contributions anytime during your working years. Learn more about how making additional contributions enhances your retirement benefit.
  4. See Section 5 and confirm 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. Need to update your beneficiary designation? Download a new WRS Beneficiary Designation form (ET-2320) from our website, complete it and send to ETF.
  5. 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. You can change this information by completing an Address/Name Change form (ET-2815) or contact ETF.

Account Contact Information
It is important that you keep your account contact information (name and mailing address) current. In 2018, ETF plans to distribute all statements by postal mail and begin offering 24/7 access to your Statement of Benefits via the secure myETF Member Online Services.

For More Information

  • Check out our new online resources, including interactive sample statements and answers to frequently asked questions.
  • Sign up for our webinar, Understanding Your Annual WRS Statement of Benefits