Get Wi Et-2815 2022-2025

The Wisconsin Retirement System covers state and local public employees, including faculty and staff of the University of Wisconsin System, local police and firefighters, and all publicly-employed teachers in the state.

The amount of years a WRS employee must work to be eligible to receive a retirement benefit. Vested members are eligible to receive a retirement benefit at age 55 (age 50 for protective category members) once they terminate all WRS employment. Members who are not vested may only receive a separation benefit.

Your formula benefit is based on your three highest years of earnings ("final average earnings"), a formula multiplier (based on your employment category), your years of creditable service (including any creditable military service) and an actuarial reduction if you retire before your normal retirement age.

The WRS Retirement Benefit is a pension plan that is intended to provide you with a lifetime retirement payment. It offers a retirement benefit based on a defined contribution plan or a defined benefit plan.

Separation Benefit: A separation benefit is a 1-time payment consisting only of employee contributions, additional contributions (if applicable), and accumulated interest. You may take a separation benefit if you no longer work for a WRS employer, have not reached your minimum retirement age, and/or you are not vested.

The Statement of Benefits is a summary of your WRS retirement account available each year in mid-April. It helps you keep information up to date and track the growth of your retirement account.

Overview. The Wisconsin Retirement System (WRS) provides retirement (pension) benefits to Universities of Wisconsin employees and to most public employees across the State of Wisconsin. Participation is automatic for all eligible employees, with coverage beginning on the first day an employee is eligible.