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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.
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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can be repealed through negative Core annuity adjustments.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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