Department of Employee Trust Funds
June 19, 2012
Report Rates WRS as “Solid
A new national report by the Pew Center for the States calls the
Wisconsin Retirement System (WRS) a “solid performer”
when it comes to paying its benefit obligations for current and
future retired Wisconsin public employees.
In its report, The Widening Gap Update, the Pew Center pointed
out that, for all states combined, the gap between pension system
assets and pension obligations grew by nearly 9% from 2009 to 2010
due to the continued effects of the financial crisis of 2008 and
states’ inability to fully fund their pension commitments.
By contrast, Wisconsin’s funding level remained strong. The
report demonstrates that Wisconsin’s strong funding level
and regular payment of its actuarially required contributions sets
the WRS apart from many other public pension plans.
The Pew Center analyzed state retirement systems’ data from
2010, the most recent fiscal year in which budget figures were available.
the full report.