Department of Employee Trust Funds - Hot Topic
January 9, 2004
Preliminary Investment Returns Reported By the
State of Wisconsin Investment Board
of Wisconsin Investment Board (SWIB) has released 2003 preliminary
returns for the Fixed and Variable Trust Funds. The 2003 SWIB
Fixed Trust Fund preliminary return is 24.1% and the Variable Trust
Fund return was 32.7%.
remember that these are NEITHER the effective rate
interest percentage credited to active and eligible inactive member
accounts, NOR annuitant dividends paid to retirees. The Department
of Employee Trust Funds (DETF) is in the process of calculating
these rates and will announce them in mid- to late-February. For
more information, see SWIBs press release.