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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.

Use this form to elect Wisconsin state tax withholding for your WRS annuity payment.

If you make this election, 50% of all your future WRS employee and employer required contributions and additional contributions will be deposited in the Variable Fund. The other 50% will be invested in the Core Fund.

The Comprehensive Annual Financial Report of the Wisconsin Department of Employee Trust Funds for the year ended December 31, 2003 provides comprehensive information about ETF, the Wisconsin Retirement System, and other benefit programs administered by ETF.

The WRS covers employees of the state of Wisconsin and employees of local government employers who elect to participate, and Milwaukee Public School District teachers.

This brochure explains the effect that part-time WRS employment has on your WRS retirement and other benefits.

A separation benefit is a one-time lump-sum payment consisting only of employee contributions, additional contributions (if applicable) and accumulated interest.

Employers, complete this form for access to the new Insurance Administration System (IAS).

File a copy of this form with each of your former retirement systems each time you become covered under a new retirement system, for limited reciprocity between the three public employee retirement systems in Wisconsin.