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Department of Employee Trust Funds
March 6, 2015

ETF Announces Effective Rates

The interest rates credited to the retirement accounts of active Wisconsin Retirement System members and eligible inactive members have been set. For 2014 the Core Fund effective rate is 8.7% and the Variable Fund effective rate is 7.0%.

These rates affect the WRS account balances of state and local public employees, and will be reflected in their annual Statement of Benefits, set for distribution in April. Calculated by the Department of Employee Trust Funds, the rates are based on investment performance earned by the State of Wisconsin Investment Board.

In January SWIB announced 2014 investment returns of 5.7% for the Core Fund and 7.3% for the Variable Fund.

The effective rates are the starting point for calculating annual adjustments to WRS retirees’ monthly benefit payments. Significant factors in these adjustment rates include assumed interest, annuitant mortality rates and other actuarial factors. ETF expects to announce the Core and Variable annuity adjustments by mid-March. These adjustments will first be reflected on retirees’ May 1, 2015 payments.

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