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News

Department of Employee Trust Funds
March 1, 2013

ETF Announces 2013 Adjustments, 2012 Effective Rates

The Department of Employee Trust Funds (ETF) has announced the 2012 effective rates and 2013 annuity adjustments for the Wisconsin Retirement System (WRS) Core Fund and Variable Fund.

New effective rates will be reflected on employees' annual Statement of Benefits, set for distribution by ETF in April. The 2013 annuity adjustments will first be reflected on retirees' May 1, 2013 payments.

Core Fund Variable Fund
2012 SWIB
Investment Return
13.7% 16.9%
2012 Effective Rate
(applied to employees'
account balances)
2.2% 17%
2013 Annuity Adjustment
(for retirees)
-9.6% (decrease) 9.0%

Not all retirees will receive the -9.6% Core annuity adjustment. The actual rate applied to an individual’s Core annuity will depend on the extent to which the annuity has grown over time with previously-granted increases (dividends). By law, these dividends can be repealed through negative Core annuity adjustments.

For more detailed information, please read ETF’s press release.

Additional ETF resources:

Information for Retirees Regarding 2013 Annuity Adjustments

What’s My Minimum Core Annuity (“Core Floor”) Amount?

Core/Variable Information

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