A common question we receive from members this time of year centers on WRS separation benefits. This type of benefit is a one-time, lump-sum payment of employee-required contributions, additional contributions (if made), and accumulated earned interest. Understand the pros and cons.
Todd Mattina is SWIB’s new Head Economist, Asset & Risk Allocation Chief Investment Officer. Mattina will be responsible for taking a broad view of economic conditions in developing, recommending, and implementing SWIB’s asset allocation for the fully funded WRS.
Important changes have been made to the state and local Income Continuation Insurance Programs that will expand coverage and benefits to employees aged 70 and older, effective May 1.
In February Governor Evers released the 2023-2025 executive state budget, a proposal for how the state should manage expenses for the next two years. The proposed budget contains a few changes that affect the benefit programs administered by ETF.
SWIB’s 2023 Investment Forum is set for Tuesday, June 13 and Wednesday, June 14 and you’re invited! The virtual two-day conference, co-sponsored by the CFA Society of Madison, will feature experts sharing insights on a variety of topics.
Group Health Insurance Program members: Well Wisconsin continues to be your go-to resource for well-being support. Learn more about building healthy habits, register for a Smart Goal Workshop, speak with a health coach, and much more!
SWIB Funds Alpha Manager Derek Drummond has been appointed chair of the Standards Board for Alternative Investments North American Committee. The Committee has 10 members, equally split across asset owners and managers, exemplifying their commitment to neutrality.
The end of tax time is a good time to revisit the Internal Revenue Code limits for 2023 on such things as deferrals to one’s Wisconsin Deferred Compensation Program account, additional contributions to the WRS, etc.