Retirees of the Wisconsin Retirement System (WRS) will receive an increase in their pension benefits this year. Adjustments will be reflected on retirees’ May 1, 2024, annuity payments.
The Well Wisconsin Program achieved a significant first in 2023 by attaining its goal of surpassing 50,000 participants earning their $150 incentive. Well Wisconsin participants also experienced valuable and real health improvements.
A UC Berkeley study found that Wisconsin retirees with pension income are less likely to experience economic hardships, with public pensions significantly narrowing the racial, gender, and education wealth gap among older families compared to private pensions.
Based on positive preliminary figures of 2023 investment performance, ETF projects that employees’ effective rates of interest will increase for both Core and Variable Funds this year.
A recent report by The Pew Charitable Trusts identified key WRS practices that make the Badger State one of the “well-funded states with tools to manage risk,” highlighting how other states could learn from the Wisconsin experience.