Department of Employee Trust Funds
March 25, 2014
New ETF Video: Interest Rates
and Annuity Adjustments
ETF recently released a new video, Interest
Rates and Annuity Adjustments, which explains how the Wisconsin
Retirement System (WRS) annuity increases (Core Fund 4.7%; Variable
Fund 25.0%), effective May 1, for retirees were calculated.
This 13-minute webcast walks viewers through how WRS effective
rates and annuity adjustments are calculated based on State of Wisconsin
Investment Board (SWIB) returns. It also clarifies why annuity adjustments
are lower than interest rates, how the Core Fund smoothing process
affects the funds available for each year’s calculations,
and what actuarial factors are used in determining annuity adjustments.
At the end, viewers are asked to complete a short survey.
here to view the video
WRS members also have the option of registering for a live Webinar,
covering similar information, during March and April. Please see
the webinar schedule
for more details.
Additional ETF resources: