Three candidates have filed nomination papers for two available Teachers Retirement Board seats, representing active teacher members not employed by the Milwaukee Public School District. The election is set for late January 2022. Watch your home mailbox in January for candidate information and ballots with voting instructions.
Monthly participant fees for the Wisconsin Deferred Compensation Program will decrease by an average of 34%, effective January 1, 2022. The Deferred Compensation Board, citing favorable investment returns and administrative cost savings, recently approved the fee decrease. More Fee Reductions>
WDC Lifetime Income Score Tool Helps With Financial Planning
The Wisconsin Deferred Compensation Program has received national recognition for a pilot project that increased participants’ engagement with their retirement savings strategies and plans. Have you logged into your account lately? Notice that you’re benefiting from the results of this project. More Lifetime Income Score>
Don’t let student loan debt be a barrier to achieving your personal or financial goals. If you need help navigating the complexities of federal student loan programs to lower payments or forgive loans, check out the free Savi Student Loan Relief Program. More Savi>
New Episodes of The SWIB Podcast
Check out two new SWIB podcasts! Follow along as Executive Director/Chief Investment Officer Edwin Denson shares his vision for leading the organization. And did you know SWIB is celebrating 70 years of service to Wisconsin? Hear about the unique partnership that led to the creation of one of the country’s premier investment managers and how SWIB has kept the WRS strong over the past seven decades. Listen to the podcasts.
Video: Choosing When to Retire
Do you need some help figuring out a retirement date? Watch our video for an overview of the factors involved, including how timing affects your pension amount, the "December vs. January" question, and other considerations. More Choosing When to Retire>
Webinar November 17: Holiday Spending
With the holiday shopping season in full swing, it's more important than ever to keep on track with your spending and budget. Join us for this free webinar, Holiday Spending, presented by our Wisconsin Strong partner, Summit Credit Union, to learn tips and tricks for saving time and avoiding overspending. Two sessions offered Nov. 17.Register now.
Q: I will make additional contributions to my account this year, before the deadline. I decided to retire after the first of the year, with an effective date of April 1, 2022. When ETF calculates my final benefit, will the interest applied to these additional contributions be prorated?
A: Yes, your 2021 additional contributions will receive prorated 5% interest. If your effective date is in April, then that would be 1.25%. Also, any existing additional contributions deposited prior to December 31, 2020 will receive both the effective rate of interest for 2021 and 1.25% interest for 2022.
Other News & Features
SWIB Wins Pair of Institutional Investor Allocators' Choice Awards
The financial industry is taking notice of the hard work, success, and innovation of SWIB staff. SWIB was recognized with two industry honors – Team of the Year and Partnership of the Year – at the Fourth Annual Institutional Investor Allocators’ Choice Awards.More Allocators’ Choice Awards>
WRS Contribution Rates Take Effect January 1
Required contribution rates for 2022 were approved by the ETF Board in June and take effect January 1. How will this affect your paycheck? More Contribution Rates>
ETF Publishes 2020 Annual Report
ETF's Annual Comprehensive Financial Report for 2020 is now available. The funding value-based ratio of the WRS, which smooths investment gains and losses over a five-year period, remains 100% as of Dec. 31, 2020. More Annual Report>
Watch for Member Engagement Survey
In November, the 2021 Member Engagement Survey will be emailed to members who have an email address on file with ETF. If you receive the survey, please complete it as soon as possible. We appreciate your feedback, which helps us provide quality benefits and services!
ETF Webinars Through the End of the Year
Be sure to include an ETF webinar or two in your busy fall and winter calendars. We’ve scheduled five topics and 20 different sessions. Learn how your WRS benefits work. Get your questions answered by an ETF benefits specialist. Make informed decisions throughout your career. Join us! More Webinars>
Upcoming Governing Board Meetings
Find out when the governing boards of the WRS and the SWIB Board of Trustees are scheduled to meet. More Board Meetings>
WRS Calculators
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