The results of the 3-year investigation of experience of the Wisconsin Retirement System are presented in this report. The investigation was made for the purpose of updating the actuarial assumptions used in valuing the actuarial liabilities of the Wisconsin Retirement System in compliance with Section 40.03(5)(b) of the Wisconsin Statutes.
ICI is a voluntary “income replacement” benefit payable to an enrolled employee if they become disabled. This program is only
offered to employers already participating in the WRS.
The WRS is a pension plan that is open to any public employer as defined by Wis. Stat. § 40.02(28). All employers joining the WRS must be covered by Wisconsin’s Section 218 Agreement with the SSA. The WRS is intended to provide a lifetime annuity to members who are vested and have reached minimum retirement age.
Employers, complete to designate an employee as the agent representing the employer in matters pertaining to the programs administered by the Department of Employee Trust Funds.