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WRS News Online Vol 2, No. 3 - September 2016

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What Does it Mean to be a Long-Term Investor?

by Michael Williamson, State of Wisconsin Investment Board Executive Director

Michael Williamson
Michael Williamson

In June a majority of voters in the United Kingdom chose to leave the European Union. The outcome of the vote was shocking to many. In the days immediately following the vote, world stock markets were reeling from the news as investors and analysts tried to determine what the EU will look like without the U.K. But by July, major U.S. stock indexes had set record intraday highs, with the Nasdaq wiping out its losses for the year.

The "Brexit" vote is just one of many issues that has added volatility to what is already being describedas a "low-return environment" for investors. Events like Brexit add to the constant market reminders that it will be difficult to consistently reach the Wisconsin Retirement System's assumed rate of return of 7.2% over the short term. This has led many to ask if we should consider changing our investment strategy.

For years I have talked about SWIB being a long-term investor. Staying the course and believing in the well-thought-out investment strategy we have put in place over the long-term has served the system well. The WRS remains fully funded and able to meet the annuity promises made to current retirees. We believe this strategy will also help us meet our goal of generating returns over the long-term to ensure the same holds true for future WRS members.

I recently read comments from Tom Lee, executive director of the New York State Teachers' Retirement System, that I think sum up what it means to be a long-term investor. Tom said during turbulent times, he hears from participants that urge him to consider changing the system's investment strategy to protect the pension in the short term. In response, he asks them if they would sell their house if the roof leaked or their car if it got a flat tire. The answer is "of course not". The same is true for investing. Missing the assumed rate of return for a few years does not mean the strategy that has been put in place is no longer working.

Having a strong long-term investment strategy does not, however, mean keeping that strategy in a vacuum. Over the long term, there have been and will continue to be modifications that address current market trends. Over the past 30 years, the WRS has weathered a number of shocks to the world's financial systems. From the bursting of the tech bubble, to military conflicts overseas, to the Great Recession, these events have put our long-term investment strategy to the test. And SWIB has responded. We have reduced our exposure to stocks, increased our allocation to low-risk assets such as bonds, real estate holdings, hedge funds and private equity, and we have steadily moved to managing more assets internally. In the end, the WRS remains a strong public pension system, something from which the entire state benefits.

No one can predict when the next "Brexit" that will increase market uncertainty will hit. But, as history has shown, the WRS is well positioned to take on whatever may come, with its carefully-designed and expertly-implemented long-term investment strategy.

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Our Teachers Retirement Board Needs You!

by Robin Starck, Teachers Retirement Board Chair

Voting

I know many of you are just trying to keep your papers graded, hoping to stay a day or two ahead of your students, and wondering how you are going to be able to make it through this school year. As a teacher in Sheboygan for the last 31 years, I am doing exactly the same things. While that is enough on your plate, I would appreciate you considering one more challenge.

Each year the Teachers Retirement Board holds elections for new members. This year your votes will elect two public school teachers to this 13-member Board (see Teachers: Nominations Sought for Board Seats). Our board is comprised of nine elected teachers, including a retired and a technical college teacher, as well as a blend of four governor-appointed members from the University of Wisconsin System, and various school boards and district administrators.

I was 44 when I was first elected to the board, so don't think you have to be eligible to retire to be on the ballot. I have learned so much about the Wisconsin Retirement System and our benefits during my tenure that I wish I had considered running for a position earlier in my career.

The TR Board meets four times each year in Madison. In addition to preparing for and attending the meetings, we are charged with a variety of other tasks. Our board must consider appeals from WRS members, determine policy changes and administrative rules, appoint some of our members to represent us on additional boards and, of course — oversee this election process.

I look forward to seeing your name on our next ballot! And I hope you have a great year — you are making a difference!

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Here's Why We Are in Public Service

Post-Retirement

To everyone who responded to our member survey last May: Thank you! It was Public Service Recognition Week and we asked readers just one question: Why are you in public service?

The variety of employees and occupations responding amazed but did not surprise us. The Wisconsin Retirement System encompasses all public employee types, and we heard from teachers, custodians, administrative assistants, data specialists, correctional officers, town clerks, librarians, law enforcement personnel, and more. The scope of what members said varied as well, but everyone spoke with clarity from the heart.

By the way, the survey is still open. Feel free to take part if you have not already.

WRS News Online staff read every entry and picked a few to share. Thanks again for telling everyone why you serve the public, your community and the people of Wisconsin.

Survey responses included:
"My career is the perfect of example of the phrase, 'everything happens for a reason.' I have truly found my calling in life in w hat other industry can you use your abilities to serve the community you love and, hopefully, make it an even better place to live and work?"
Finance Administrator/Assistant Village Administrator, Village of Thiensville

"I have always loved working with high school students. I love preparing them for the world of work to the best of my ability and the great satisfaction of their growth and development into great future employees for some lucky employer!"
Teacher, Mayville School District

"The turning point [when interviewing for jobs post-college] was when I realized I just wanted to help people improve the quality of their lives. After that moment, I knew the non-profit, public sector was where I would make the biggest contribution to the betterment of society. Thanks for asking this question."
Instructor, Gateway Technical College

"When I started in this profession nearly 18 years ago, I didn't know what it entailed. Now I can't see myself doing anything else. The reason that I enjoy this position is due to the gratification I get from helping others, knowing that the decisions we make today will affect others in the future, and each day holds the promise of being very different than the day before."
Clerk/Treasurer, Village of Howards Grove

"I am in public service because I want to make a difference - in my community, state and country. By working in public education I am helping to provide all children with access to a quality education, and having a good educational foundation helps to build productive citizens in the future."
Teacher, Sheboygan Falls School District

"I am in my position with state service due to the fact I feel I can and do make a difference in the lives of the inmates I come in contact with daily. I am hoping to better their work skills and people skills along the way."
Employee of the Wisconsin Department of Corrections

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Contribution Rates to Increase in 2017

Wisconsin Retirement System contribution rates will increase slightly next year. The rates, which go into effect January 1, were recommended by the WRS consulting actuary upon completion of its annual valuation of Wisconsin Retirement System funding requirements.

How does this affect you? Both you and your employer pay a percentage of your earnings to the WRS. These contributions, along with investment earnings, fund your WRS retirement benefits. The table below shows the total rate for 2016 and how much that will change for 2017.

WRS Required Contribution Rates

Employee Category

Total Rate
2016

Total
Rate
2017

 

Employee Share of Total Rate
2017

Employer Share of Total Rate
2017

 

% Change

General,
Elected Official/
Executive/Judge*

13.2%

13.6%

6.8%

6.8%

Increase 0.4%

Protective with Social Security

16.0%

17.4%

6.8%

10.6%

Increase 1.4%

Protective without Social Security

19.8%

21.7%

6.8%

14.9%

Increase 1.9%

* Effective January 1, 2016, contribution rates for Executive & Elected groups became the same as the General category.

Keep in mind these important points:

  • The underlying financial principal of the WRS provides that funds generated from these sources 1) employer contributions 2) employee contributions and 3) investment earnings together must be sufficient to meet the present and long-term retirement benefit commitments of the system. As part of our system's unique "shared risk" design feature, employees and employers pay into the system to fund benefits,. Total contributions change each year, based on investment performance and complex actuarial factors.
  • Your WRS retirement benefit is pre-funded. Contributions and investment earnings are deposited into your account during your working years.
  • The Board's consulting actuary annualy examines WRS funding requirements annually in order to ensure the system can meet its obligations.
  • Investment returns are smoothed over a five-year period. Smoothing helps mitigate the effects of volatility in the stock market and therefore works to keep annual contribution rate changes stable.

For More Information

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Health Insurance Program Update

For State of Wisconsin Group Health Insurance Program Participants

Health Benefits Update

Woman and Child

The It's Your Choice open enrollment period for all group health insurance participants is October 17-November 11, 2016. This is your opportunity to change from one health plan to another, switch from single to family coverage, or add/delete certain dependents. The open enrollment period is two weeks later than usual, largely due to efficiencies created by the state's new STAR system, which processes transactions in real time. The shift also provides an opportunity for members to weigh other insurance coverage options (e.g., employers of spouses or domestic partners). Changes become effective January 1, 2017.

Watch for your It's Your Choice materials in early October. In the meantime, here are a few things to know about your health insurance benefits:

  1. Members' out-of-pocket costs for insulin decreased significantly August 1, due to a formulary change. This change was a result of ETF researching the impact of the $35 increase in cost sharing from 2015 to 2016, and overall concerns about insulin adherence. The following insulin products moved to cost-share Level 1 ($5 copay) from Level 2 (20% coinsurance with a $50 maximum) on the Navitus commercial and MedicareRx formularies: Lantus, Levemir, Novolin, Novolog, and Tresiba.
  2. The Group Insurance Board approved an overall 1.6% increase in State non-Medicare premium rates for 2017. This was due to an extremely successful negotiation process with participating health insurance plans. The 1.6% overall increase is also good news in light of much higher premium increase trends in Wisconsin and nationwide.
  3. Total monthly premium rates have been posted for both state and participating local government entities. Information about employee premium cost shares will be available in mid-September.
  4. Regarding the Group Insurance Board's evaluation of self-insuring the group health insurance program and setting regional and statewide service areas: In July ETF invited prospective vendors to submit proposals to administer the program. Bids are due in September; results and evaluations will be presented to the Group Insurance Board in November, for possible adoption beginning January 1, 2018.
  5. Uniform Benefits changes for 2017 relate to nondiscrimination on the basis of gender identity and other requirements for accessibility and limited English proficiency under new federal regulations of the Affordable Care Act.
  6. Zurich has replaced Hartford for accidental death and dismemberment supplemental coverage. Members currently enrolled in Hartford will be automatically moved to Zurich, unless they cancel during open enrollment.
  7. Starting in 2017, all aspects of the Well Wisconsin Program will be administered by StayWell® - not your individual health plan. The wellness and disease management services provided by StayWell will be comprehensive and include such things as health risk assessments, biometric screenings, health coaching, online tools and more.
  8. Keep checking our website for the latest information regarding rates, optional plan enrollment opportunities and rate changes, answers to frequently asked questions and much more.

Stay connected by subscribing to ETF Email Updates. By signing up for your It's Your Choice Health and Wellness E-alerts, you will receive important information about your benefits year-round. And don't forget to follow ETF on Twitter!

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Want to Reduce Your Costs for Drugs?

Pharmacy Benefits

The new e-learning, Pharmacy Benefits: Saving on Your Prescriptions, provides an overview of your cost share for generic, brand name and specialty drugs, along with six tips for saving money. Topics include accessing in-network pharmacies and comparing prices, working with your care provider and pharmacy benefit manager, Navitus Health Solutions, to identify effective, low-cost drugs, and the appeals and grievances process.

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Asset Management: Passive vs. Active

Glossary of Terms
Active management - a portfolio management strategy where the manager makes specific investments using analytical research, forecasts and their own judgment and experience with the goal of outperforming similar investments in the market.

Passive management - Also known as "indexing," this is a style of management that attempts to match the results of a basket of investments such as the S&P 500. Passive management strives to equal what the market delivers at a lower cost while active management works to beat the market returns.

Active versus passive. No, it 's not a debate to stir the passions of the public, but in the world of investing and deciding how to generate investment returns, it is a rivalry up there with the Hatfields versus the McCoys or the Packers versus the Bears.

The State of Wisconsin Investment Board has long been considered a low-cost public pension fund manager that provides solid returns for the Wisconsin Retirement System. SWIB is able to manage its costs effectively and provide respectable returns by doing both, combining active and passive management of the trust funds.

Proponents of active investing tout the ability of astute fund managers to beat the market and add "alpha," that amount of outperformance attributable to the skill of the manager. On the flip side, advocates of passive investing point to the long-term inability of most active managers to beat the market; the high fees charged for sub-par performance; and tax inefficiencies. And so the debate goes.

In truth, while the polarized positions speak to different groups of managers battling for fund flows and for the upper hand in a market debate, most investors are best served by a dual approach. Selectively investing with certain active managers can and likely should be combined with positions in targeted passive funds.

"SWIB uses a combination of active and passive management not only to earn above market returns, but also to protect the trust funds from market volatility," David Villa, SWIB chief investment officer said. "The combination has been very important to our investment strategy, especially with the market ups and downs we have experienced recently."

SWIB has always used a mix of both active and passive management. The mix of active and passive management varies by asset class and depends on market efficiencies and management options. Some markets SWIB invests in to help diversify the Core Fund, such as private equity and real estate, do not have passive indexes. By actively managing assets and putting in place those diversification strategies, SWIB is working to stabilize returns, contribution rates and annuity adjustments.

"SWIB actively manages assets not only to earn more than the passive market indexes, but also to do so with the ability to better manage risk," Villa said.

Of the 47% of total assets that SWIB manages passively, approximately 37% are managed internally. The combination of passive and internal management helps keep costs low while earning market returns. CEM Benchmarking found that SWIB is one of the lowest-cost public institutional investors in its peer group.

SWIB's mix of active and passive asset management helps keep the WRS among the best-funded public pension funds in the country.


WRS Asset Management Breakdown

As of December 31, 2015

($ Mil.)

%

Total Internal

$59,900

65%

Active

25,872

28%

Passive

34,028

37%

Total External

$ 32,106

35%

Active

23,226

25%

Passive

8,880

10%

Total WRS

$92,006

100%

 

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Board Corner: Nominations Sought for Board Seats

Nominate

The process to elect members to the Teachers Retirement Board has begun. Two seats are available. Any current teacher, excluding those employed by the Milwaukee Public School District, may compete for the TR Board-Active Teacher Member seats. The terms of current members Jon Joslin and David Wiltgen expire in 2017. For an insider's perspective on the rewards of serving on the board, see Board Chair Robin Starck's column, Our Teachers Retirement Board Needs You!

Download a nomination packet now. You may also request a packet by writing to: ETF, Retirement Board Liaison, P.O. Box 7931, Madison, WI 53707-7931; or send an e-mail to BoardElections@etf.wi.gov. Completed nomination materials must be received by ETF by 4:30 p.m. on October 21, 2016.

Election 2017: ETF conducts board elections electronically - we no longer distribute paper ballots via your employer. Watch for candidate information and specific voting instructions in January.

For information on the WRS governing boards, including current board rosters, board member responsibilities, meeting schedules and agendas, visit our Governing Board webpages.

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Pension Funds Plan to Increase Internal Management

Over the next three years, a growing number of public pension funds across the country reportedly plan to reduce their dependence on outside money management firms by overseeing more investments in-house — a practice the State of Wisconsin Investment Board has been following for more than a decade.

A recent global survey from State Street, a worldwide financial services holding company, found that 45% of public pension funds — including even the largest funds such as the California Public Employees' Retirement System (CalPERS) and the California State Teachers' Retirement System (CalSTRS) — plan to increase the amount of funds they manage internally. CalPERS announced earlier this year it had reduced the number of outside managers used by 25%. CalSTRS is currently managing approximately 49% of its portfolios in-house and plans to raise that number to 58%.

Pension funds are looking more to internal management for a variety of reasons, including better oversight of the investments, but most of all to decrease costs. However, the process to increase internal management of funds is not always an easy one for public pensions. Many public pension funds face governance issues that keep them from moving quickly to bring more funds in-house.

SWIB, with the support of the governor and the state legislature, has the flexibility to build a strong internal management program. Over the years, this flexibility has provided a significant financial benefit to the retirement system. Since 2007, SWIB has increased the share of the state's retirement funds managed internally from 21% to almost 67% today.

"We recognize that having highly-qualified money managers on staff benefits Wisconsin, our members and the state's public employers," SWIB Executive Director Michael Williamson said. "Over time, we have put in place an internal management strategy that allows us to better oversee the investment funds and lowers the cost of management for those funds. Internal management is part of the reason the Wisconsin Retirement System is one of the best-funded pension funds in the country."

The net savings from SWIB's internal management initiative is $57 million per year. This amounts to about one-fifth of the cost to hire outside money managers to invest in the same assets externally.

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Trust Fund Investment Performance Affects Rates and Annuity Adjustments

How will recent investment performance affect your Wisconsin Retirement System account balances next spring? The effective rates will be announced in late February, once final investment returns for calendar year 2016 and the results of an actuarial analysis are determined.

In the meantime, the Department of Employee Trust Funds continues to advise all members to prepare for an extended period of investment market volatility and low returns. For employees, this may mean relatively modest or low effective rate interest crediting. For retirees, this may mean flat — or perhaps negative — Core annuity adjustments.

An article we ran in the May 2016 edition of WRS News Online pointed out projected Core effective rates and annuity adjustments based on three different scenarios. These projected rates and adjustments are presented in the table below:

Projected WRS Core Effective Rates and Annuity Adjustments

 

2016 Core Fund Net Investment Return

Projected 2017 Core Effective Rate

Projected 2017 Core Annuity Adjustment

Scenario 1

7.2%

7.4% to 7.8%

1.2% to 1.6%

Scenario 2

0.0%

6.0% to 6.4%

0.0%

Scenario 3

-3.8%

5.2% to 5.6%

-0.5%

Keep in mind these are projections only, we still have four more months to go in the calendar year, and no one has a crystal ball. As of July 31, preliminary investment returns for the trust funds were 7.0% for the Core and 6.7% for the Variable.

Despite an extended volatile market, SWIB’s 20-year return for the Core Fund is 7.4%, which is higher than the expected rate of return of 7.2%.

The median investment return assumption among U.S. public employee pension plans is 7.7%. Some industry experts, however, believe the next few years will bring returns averaging approximately 6% a year.

Stay informed: Find out about preliminary investment returns for the trust funds on a monthly basis by monitoring our website, signing up for our free e-mail notification service, ETF E-mail Updates, or following ETF on Twitter. We usually communicate this news by the 10th business day of each month.

For more information

  • See Core Fund Annuity Adjustment Projections, a March 2016 presentation to the governing boards of the WRS. This presentation, updated annually by ETF, reviews a range of projected Core effective rates and annuity adjustments using several Core Trust Fund investment return scenarios.
  • Review this table, which shows the relationship between Core and Variable Trust Fund investment returns and effective rates and annuity adjustments since 1986.
  • Find all of our webinars, videos and e-learning presentations on the Member Education web page.

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Planning to Work Post-Retirement? Top Things to Know

Post-Retirement

If you are planning to pursue employment after retirement, be sure to follow the rules so
you don't end up jeopardizing your Wisconsin Retirement System annuity. Our new brochure,
Information for Rehired Annuitants, is a must-read for employees as well as employers.
Topics covered include:

  • definition of a valid termination of employment
  • break-in-service requirements
  • going back to work for a WRS employer
  • information for educational support personnel and contractors
  • effects of going back to work on health and life insurance
  • annuity suspensions and re-retiring

Related information:
Frequently Asked Questions:

 

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SWIB's New Website Improves Access to Information

Wednesday Webinars

New SWIB Website Creates Better Access to Information
Members surfing the internet will find a new look when they land at the State of Wisconsin Investment Board's website. In September SWIB is set to roll out a new website, featuring a modern look and design that will make it easy for members, whether on a computer or a mobile device, to get information on the investments and strategies being used to manage the WRS trust funds.

"The new website is designed to create more awareness of and access to information about SWIB," Vicki Hearing, SWIB's communications manager, said. "That is important because the site is used by current and former Wisconsin public employees to learn about SWIB's role as the asset manager for the WRS trust funds. In addition, it helps provide transparency into our operations."

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Know Your Benefits

Q. Why is designating a beneficiary for my WRS account important?

A. Because the beneficiary designation you have on file with the Department of Employee Trust Funds at the time of your death is the only way to tell us who you would like to receive any death benefit . If you did not file a beneficiary form, your WRS account will be paid out according to Wisconsin law.

We can’t stress enough how important it is to keep your Wisconsin Retirement System beneficiary designation up to date. It is easy to forget to review your designations when events such as divorce or marriage change your individual circumstances. Our online set of frequently asked questions about beneficiary designations contains scenarios that may be of use to you. Here are some examples:

  • I have a will and estate planning documents. Do these supersede a beneficiary designation? Will ETF recognize my will?
  • May I divide my benefit among more than one beneficiary?
  • Should I hire someone, such as an attorney or estate planner, to complete my beneficiary designation form?
  • What happens if I don’t file a beneficiary designation form with ETF?

The only way to name beneficiaries for your WRS account or your Wisconsin Public Employers Life Insurance is by completing ETF’s beneficiary designation forms. There are two beneficiary designation forms:

Beneficiary forms must be filled out as clearly and completely as possible in order to carry out your wishes after your death.

If you have questions about which beneficiary designation form best suits your needs, please contact ETF.

To learn more, review the following ETF resources:

FAQs: Designating Your Beneficiaries
Beneficiary Designation form(ET-2320)
Beneficiary Designation - Alternate form (ET-2321)

Webinar: Watch for an opportunity to register for our webinar, Beneficiary Designations: What Happens to My Account When I Die? The webinar reviews the importance of your WRS beneficiary designation, how to correctly complete a designation form, how to request a copy of your current form, and more.

Find all of our webinars, videos and e-learning presentations on the Member Education web page. You may also contact ETF and talk to one of our benefit specialists.

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Attend a Benefit/Health Fair During It's Your Choice

The Department of Employee Trust Funds has scheduled 29 benefit/health fairs throughout the state during the It's Your Choice open enrollment period.

The fairs present a great opportunity to ask questions about all ETF-administered benefit programs, including retirement and health insurance. To date, 29 benefit/health fairs have been scheduled throughout the state this fall, beginning in October. To find one near you:

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Biometric Screening Oct. 4 in Madison

Well Wisconsin

There is still time to earn your 2016 Well Wisconsin incentive. If you are in the Madison area, attend the screening event October 4 at the Monona Terrace Community and Convention Center. Visit Well Wisconsin to learn more about eligibility for the incentive or to register for the October 4 screening. Note: Be sure to complete the incentive requirements prior to October 15 to avoid delays in incentive payment.

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ETF Webinars and Other Learning Opportunities

Do you want to know more about your Wisconsin Retirement System benefits? No matter what your status is as an employee, ETF has a live, interactive webinar or employee benefits seminar right for you. Perhaps you would rather attend a group retirement appointment — we have those, too.

Webinars
Webinars are conducted online by an ETF benefits specialist and focus on a single topic of interest. Our webinars over the next several months will cover these important topics:

  • How to use our online calculator to request a retirement benefit estimate
  • How to enhance your benefit by making additional contributions
  • WRS annuity payment options
  • Choosing a retirement date
  • Five key steps to prepare for retirement
  • The Variable Trust Fund and how it affects your benefits
  • WRS employer and employee contribution rates
  • WRS effective rates and annuity adjustments

WRS Employee Benefits Seminars
Whether you are just beginning your career under the Wisconsin Retirement System or close to retirement, join us for an ETF-hosted presentation on WRS employee benefits. In this two-hour, evening seminar we thoroughly review benefit basics, the Core and Variable Trust Funds and things to know and do to maximize your benefits as you move through your career. Those within five years or so of retirement will appreciate hearing about WRS annuity options, return-to-work rules, post-retirement annuity adjustments and much more. Seminars run from 6:30 p.m. to 8:30 p.m. and are scheduled statewide. Use our interactive map to find a presentation near you.

Group Retirement Appointments
Do you already have your official WRS benefit estimate, but still want to talk to a benefits specialist about it and the retirement process as well? Consider attending one of our group retirement appointments. These appointments are for members who have their official estimate and are within a year of retirement. We will provide an explanation of the estimate, WRS annuity options, the application process and answer questions.

  • Use the interactive map to find a group appointment scheduled in your area.
  • Sign up for ETF E-mail Updates to receive immediate notification of upcoming educational events. Registration is free and fast — sign up with an email address.
  • Follow us on Twitter!

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Learn About Investing in Collective Trust Funds

Take advantage of a great opportunity to participate in a free webinar about investing in collective trust funds. Hosted by BlackRock, manager of a several indexed collective trust fund options in the Wisconsin Deferred Compensation program, the webinar is titled, Get to Know Your Plan: A Conversation about Mutual Funds and Collective Trust Funds. A BlackRock representative will discuss the differences between mutual funds and collective trust funds, including who has access to which funds, costs and/or fees, the regulatory agencies that oversee these funds, how fund information is disclosed to you, and how income is treated. A brief question-and-answer session will take place at the end of the webinar. Webinar details are as follows:

Webinar name: Get to Know Your Plan: A Conversation about Mutual Funds and Collective Trust Funds
Date: Wednesday, September 28, 2016
Time: 11:45 a.m. to 12:45 p.m., CST

Webex Link to join webinar              
Dial-in:          1-877-218-3542
Passcode:    382 457 01#

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Well Wisconsin Wednesday Webinars

If you haven't already, check out the Well Wisconsin Wednesday webinars, a free series of lunchtime webinars offered to members covered under the state's group health insurance program and offered by the StayFit Plan. There are four more presentations on the calendar this fall. Dates, topics and brief descriptions are as follows:

September 21 — The Myth of Cholesterol
An overview of how inflammation affects cholesterol, which can lead to heart disease

October 19 — Holistic Practices for Chronic Conditions
An overview of the types of holistic and alternative medicine options that specifically address common chronic health conditions and stress management.

November 16 — Healthy Eating for Effective Weight Loss
While there are no "silver bullet" remedies for weight loss, this webinar reviews tips for understanding how your metabolism works and balancing a healthy diet and exercise routine.

December 21 — Primary Prevention/Health Back
Learn about ergonomic principles and healthy lifestyle choices as a way to avoid or reduce lower back pain issues and discomfort.

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Last Revised: September 7, 2016
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