The May edition of WRS News Online included an article providing basic information about how participation in the Variable Trust Fund affects your WRS account. Approximately 40,000 active employees participate in the fund.
Members elect to be in the fund as an active employee and remain in it—even into retirement—unless they elect to cancel participation. If you want to get out of the Variable Fund with an effective date of January 1, 2020, complete and send to ETF a Canceling Variable Participation (ET-2313) form. It must be received at ETF prior to the close of business on January 2, 2020.
Why the January 2, 2020 deadline for Variable Fund cancellation? The cancellation is normally the last day of the year. However, when a deadline falls on a weekend or holiday, it is extended to the first working day after the deadline, per Wis. Stat. §990.001(4).