Employee Trust Funds
PO Box 7931
Madison, WI 53707-7931
This retirement plan is funded by both the WCSD and the employee, with deposits made to the Wisconsin Employee Trust Funds during employment. Participant eligibility, enrollment, plan design, and benefits received at retirement or separation of employment are established by the Wisconsin Employee Trust Funds Plan. At retirement, your years of service, your age at retirement, and the average of your highest three years of earnings or the total cash value of your account, whichever is greater, will be used to determine your retirement benefit.
Eligibility. Eligibility for enrollment in this benefit is based on hours worked. The Human Resources / Payroll Department monitors eligibility. If you become eligible, you will be notified and automatic enrollment will be processed for you.
Benefit Deposit Contributions. Enrolled employees pay the required employee-share contribution via payroll deduction. The employee contribution is "pre-tax" meaning the employee does not pay taxes on the contribution when employed, but will pay taxes on the contributions when you later request to retire or obtain a separation benefit. Current law prohibits participants from opting out of enrollment when eligible unless you are currently receiving an annuity from WRS/EFT. Contribution rates change annually in January.
2016 calendar year
6.6% - School District Contribution
6.6% - Employee Paid Contribution
2017 calendar year
6.8% - School District Contribution
6.8% - Employee Paid Contribution
Fund Investment Options. WRS offers two investments funds: Core Fund and Variable Fund. By default, initial enrollment is set up in the Core Fund, which is a diversified fund. If you elect to participate in the Variable Fund, 50% of the required contributions and additional contributions made after your election will be deposited in the Variable Fund. The Variable Fund is invested in stocks only. Complete and send in the Variable Trust Fund form only if you want to participate in the Variable Fund.
Vesting Provision. There is a five year vesting requirement if you were hired on or after July 1, 2011 and have no WRS credible service prior to July 1, 2011. You are immediately vested if you have WRS service prior to July 1, 2011.
Annual Statement. Each year around April, you will receive a Statement of Benefits from the Employee Trust Funds that contains important WRS account information that will eventually be used in benefit calculations.
WRS also provides death, permanent disability, and separation benefits.
Beneficiary Designation Form. Complete and mail in to WRS/ETF at the address listed at the top of the form. If you do not complete the form, payout will be determined by state statute standard sequence that can be found on the last page. As life events occur (marriage, divorce, birth of child), be sure to keep this up-to-date with WRS/ETF. Your beneficiary designation information can be found on your Annual Statement.
Sign up to Receive ETF E-mail Updates. You will be prompted to subscribe to topics such as benefit presentations, current news/releases, schedule of presentations, new educational videos for members, WRS News Online – newsletters for active staff or retirees.