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The State of Wisconsin Group Insurance Board contracts with a Pharmacy Benefit Manager to provide administrative services to State of Wisconsin and Wisconsin Public Employer group health insurance program participants.
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.
Compare the two methods provided by Wisconsin statutes that employers can choose to increase the retirement benefits normally provided for employees under the WRS.