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News

Department of Employee Trust Funds
December 14, 2012

Rehired WRS Annuitants Audit Released

The Legislative Audit Bureau (LAB) has released its report on a planned audit of the practice of Wisconsin Retirement System (WRS) employers hiring retired WRS members (“rehired annuitants”). Among its findings:

  • Most WRS annuitants employed by state agencies worked part-time for less than a year and were paid either the same hourly wage or a lower hourly than they had been paid before retiring.
  • Local governments and school districts reported re-hiring annuitants for their skills and experience, and in most cases their hourly wages were lower than at the time of retirement.
  • State laws allow individuals with good-faith terminations from employment to receive WRS annuities and return to work for employers participating in the WRS.

The audit report, which includes ETF’s response letter, provides valuable information about rehired annuitants and offers a range of possible changes to policy and processes for rehiring annuitants. Review the audit summary and/or the full report.

 

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