WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Secretary Voelker: The Value of Dependability

Some days I think the ideal of dependability is declining in our society. My view is likely skewed because I am in a position in which more than 663,000 individuals are counting on me to safeguard their retirement money. As a result, dependability is often the first thing I think about in the morning and the last thing I think about before bed.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Changes Coming to ICI Program for State and Local Employees

The GIB approved changes to simplify the Income Continuation Insurance Program for employees and streamline program administration. Consider enrolling in ICI. 2023 premiums are $0 for local employees and being reduced by 20% for state employees.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Governing Board Election Update

Tony Przybylski, a mathematics instructor at Madison College, will serve on the Teachers Retirement Board as the WRS technical college district teacher member seat.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

WRS in Spotlight for Stability and Sustainability

Pew Charitable Trusts has cited the WRS as one of three public employee pension plans that has maintained high funded ratios at predictable costs over the past 20 years. The WRS has “exemplary characteristics,” Pew noted, “including a path to retirement security for all workers within clearly defined cost targets, a plan for managing risk, and a commitment to ensuring that policies are transparent and clearly communicated to stakeholders.”

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

WDC Program News

We bring you news about the WDC Program, including 2023 participant fee increases; expanded target date retirement fund choices for keeping your account safe and secure; and new IRS contribution limits.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Private Equity Provides Additional Investment Opportunities

While stocks, or public equities, typically grab the headlines for their performance — especially in a negative-return environment — private equity investments have been growing in importance because of the diversification and solid returns this asset class can provide, even in down markets.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Legislative Update

ETF submitted its biennial budget request to the Department of Administration in September, after review and endorsement by the ETF Board. The period covered is July 1, 2023 – June 30, 2025. Here are a few highlights of our biennial budget request and next steps.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Nick Appointed Board Chair

Gov. Tony Evers has appointed Trustee Barbara Nick as chair of the SWIB Board of Trustees to succeed Trustee David Stein. Evers also appointed Clyde Tinnen as the new vice chair, a position previously held by Trustee Nick.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Review Life Insurance Premiums Effective April 1

The Group Insurance Board recently approved life insurance premium rates for all state and local government employees who participate in the State of Wisconsin Group Life Insurance Program. Find out how the rates, effective April 1, will affect you.

WRS News Online for Employees
Jan 23, 2023 8:00am Jan 2023 Edition

Well Wisconsin: What’s Your Well-Being Purpose for 2023?

Well Wisconsin is here to support you with living your best life and feeling well along the way. Attend an in-person event on Feb. 16 – or view it online – with UW-Madison’s Dr. Christine Whelan, who will discuss how a sense of purpose in life correlates with better health; and check out all the resources available to support you in staying true to your purpose and living well throughout all of 2023!