Department of Employee Trust Funds
March 9, 2007
Why Isn't the Core Annuity Dividend Larger?
Some members are wondering why this year's Core Fund annuity increase isn't larger, given that the State of Wisconsin Investment Board reported 2006 Core Fund investment earnings of 15.8%. The answer is complicated, and is based on two Wisconsin Retirement System (WRS) funding requirements contained in state law and the improved life expectancy of retirees.