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News

Department of Employee Trust Funds
June 19, 2012

Report Rates WRS as “Solid Performer”

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. View the full report.


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