Posted 1:29 p.m. Monday, Jan. 30, 2023
WRS News & Information Online for Active WRS Members.....
In-Person Group Appointments
After a two-year hiatus, ETF has resumed hosting in-person group retirement appointments outside of the Madison area! Sessions have initially been scheduled through March in Milwaukee, Green Bay, Appleton, Cleveland, La Crosse, Wausau, and Whitewater. More Appointments> | Highlights |
Message from ETF and SWIB Leadership
The Value of Dependability Some days I think the ideal of dependability is declining in our society. For example, you replace your dishwasher, which lasted 30 years, with one that will last 10. My view is likely skewed because I am in a position in which more than 663,000 individuals are counting on me to safeguard their retirement money. As a result, dependability is often the first thing I think about in the morning and the last thing I think about before bed. More Dependability> |
Managing Volatility Today for Future Success If you have been following the news over the past year, you don’t need me to tell you the story of the financial markets of 2022. The good news is that strong absolute investment returns in three of the past four years will help mitigate the effects of 2022 trust fund investment performance on upcoming annuity adjustments, as well as lend stability to contribution rate changes in 2024. More Future Success> |
Legislative Update
By Tarna Hunter, ETF Government Relations Director ETF submitted its biennial budget request to the Department of Administration in September, after review and endorsement by the ETF Board. The period covered is July 1, 2023 – June 30, 2025. Here are a few highlights of our biennial budget request and next steps. More Legislative Update> |
Projections for Rates and Adjustments
Based on SWIB's preliminary investment returns for 2022, ETF has prepared projections for Core Trust Fund and Variable Trust Fund effective rates and annuity adjustments. More Rate Projections>
Webinar: WRS Effective Rates and Annuity Adjustments
Take in this webinar to learn how Core Trust Fund and Variable Trust Fund effective rates and annuity adjustments are determined and how they affect your WRS benefits. Sessions are currently scheduled beginning in March at convenient lunchtime and evening hours. Sign up for a webinar>
Private Equity Provides Additional Investment Opportunities
While stocks, or public equities, typically grab the headlines for their performance — especially in a negative-return environment — private equity investments have been growing in importance because of the diversification and solid returns this asset class can provide, even in down markets. More Private Equity> |
Income Continuation Insurance Program
The Group Insurance Board approved changes to simplify the Income Continuation Insurance Program for employees and streamline program administration. Consider enrolling in ICI. 2023 premiums are $0 for local employees and being reduced by 20% for state employees. More ICI> |
