Wisconsin Teachers Retirement

Wisconsin Teachers Retirement

Key Takeaway:

  • The Wisconsin Retirement System (WRS) is a crucial component of retirement planning for Wisconsin teachers, offering lifelong retirement annuity benefits.
  • The WRS qualifications and benefits include a pension calculation methodology, benefit tiers with eligibility requirements, contributions from teachers and employers, and non-portability of benefits.
  • Teachers can access resources for retirement planning through the WRS, including educational videos, retirement calculators, printables, and financial planning services offered by WEA Member Benefits.

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Introduction: The Importance of Wisconsin Teachers Retirement

Introduction: The Importance of Wisconsin Teachers Retirement

Photo Credits: Ecopolitology.Org by Austin Torres

Wisconsin Teachers Retirement plays a crucial role in the financial security of educators. In this section, we will explore the significance of Wisconsin Teachers Retirement and the impact it has on the lives of teachers. We will begin by providing an overview of the Wisconsin Retirement System, shedding light on its key aspects and highlighting its benefits for teachers. Stay tuned to discover the importance of this retirement program for educators in Wisconsin.

Overview of the Wisconsin Retirement System

The Wisconsin Retirement System (WRS) is important for Wisconsin teachers’ retirement planning. It provides a lifelong annuity and has pension calculation to figure out payouts. There are various tiers and eligibility requirements based on years of service. Both teachers and employers contribute to the WRS. It does not offer portability, so those who leave teaching in Wisconsin may lose accrued benefits.

To plan for retirement with the WRS, there are tools and resources. Educational videos, calculators, and printables are offered to help members. WEA Member Benefits provides financial planning for teachers. They suggest signing up for the WRS eBook for info about the system.

The WRS is a public pension fund, governed by SWIB and ETF. It consists of two funds with different investment strategies. Publications, studies, and reports about the system are available for further information. These resources can help understand the benefits and advantages of the WRS.

Understanding Wisconsin Teachers Retirement

Understanding Wisconsin Teachers Retirement

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Wisconsin Teachers Retirement is a significant aspect of the state’s education system, offering a lifelong retirement annuity to eligible teachers. In this section, we will explore the qualifications and benefits associated with the Wisconsin Retirement System (WRS). From the financial security it provides to the essential criteria for eligibility, we will uncover the key details of this retirement program that plays a crucial role in the lives of educators in Wisconsin.

The WRS Retirement Benefit: A Lifelong Retirement Annuity

Text:

Wisconsin Retirement System (WRS), it’s time to get serious! This system provides a lifelong annuity for retired teachers in Wisconsin. You must meet certain requirements to qualify and the WRS calculates the amount based on years of service and salary. Contributions come from both teachers and employers to fund the annuity. However, it’s not portable so if you leave your position before retirement, you won’t get the full pension amount.

Maximize your retirement benefits by learning more about the WRS with educational videos and stages of membership info. Utilize calculators and printables to estimate your pension payouts, and explore WEA Member Benefits to plan for your future. Don’t forget the WRS eBook for comprehensive information plus additional publications, studies, and reports to gain an understanding of the system. Start planning your retirement today!

Qualifications and Benefits of the WRS

The Wisconsin Retirement System (WRS) offers lifelong retirement security to teachers. It provides a comprehensive annuity that guarantees financial stability.

Qualifications and benefits of the WRS include:

  • Pension Calculation Methodology
  • Benefit Tiers and Eligibility Requirements
  • Contributions from Teachers and Employers
  • Non-Portability of Benefits

Contributions from teachers and employers are crucial in building retirement funds. It is also essential to remember that these benefits cannot be transferred to other retirement plans.

SWIB and ETF manage the WRS fund. They ensure efficient management and investment.

Pension Calculation Methodology

The Wisconsin Retirement System (WRS) has a complex methodology to calculate retirement benefits for teachers. It looks at years of service and the highest average salary during their employment. For each year of service, it assigns a value, with extra weight for those beyond 30. Benefit tiers and eligibility requirements also affect the calculation, with different formulas applied depending on membership date and years of service.

Contributions from teachers and employers also help fund the retirement system, and sustain the annuity payments. But, these benefits are non-portable, meaning they can’t be transferred to another system or state.

Let’s use Sarah as an example. She dedicated 35 years of her life teaching in Wisconsin’s public schools. Her final salary was $60,000 per year. Her pension calculation was determined using WRS methodologies specific to her tier. She had contributed to her retirement fund during her career, and now enjoys a secure future due to WRS.

Though this explanation is complex, it’s essential for Wisconsin teachers to understand it. That way, they can plan for their future and ensure a secure retirement. Trying to figure out benefit tiers and eligibility requirements in this retirement system is like trying to find the perfect cheese in Wisconsin!

Benefit Tiers and Eligibility Requirements

The Wisconsin Teachers Retirement System (WRS) offers various benefit tiers. Each tier has its own eligibility requirements. These determine the retirement benefits a teacher will receive.

Take a look at this table for the benefit tiers and their corresponding eligibility requirements:

Benefit TierEligibility Requirements
Tier 1At least 5 years of creditable service
Tier 2At least 5 years of creditable service
Tier 3At least 10 years of creditable service

Tier 3 gives the highest retirement benefits.

Remember there are other details to consider while applying for a benefit tier. These include vesting periods and early retirement restrictions.

Stay informed about your retirement benefits under the WRS. Take proactive steps by understanding the qualification criteria. Get help from the Department of Employee Trust Funds. Secure your future!

Contributions from Teachers and Employers

Teachers and employers are both crucial for funding Wisconsin Teachers Retirement through the Wisconsin Retirement System (WRS).

Teachers make contributions to their retirement accounts which is a percentage of their earnings.

The WRS provides a way to calculate how much is needed.

Employers also contribute to the WRS on behalf of their employees.

These contributions go towards ensuring the long-term sustainability of the retirement system.

These contributions are pooled together and are used to fund benefits for all participants.

It’s important to note that these contributions are non-portable.

This means that if a teacher leaves before reaching eligibility for retirement benefits, they cannot take the money with them.

The contributions remain within the WRS.

Various publications, studies, and reports from entities like SWIB and ETF provide information on the importance of contributions from teachers and employers.

Despite the benefits of Wisconsin Teachers Retirement, it should be noted that once individuals are part of the system, they cannot easily leave. It’s like the Hotel California; you can check in but you can never leave.

Non-Portability of Benefits

The Wisconsin Retirement System (WRS) gives teachers in Wisconsin a lifelong annuity. It’s important to note that benefits from the WRS aren’t portable. If a teacher moves away or changes jobs, they can’t take their pension with them. The benefits are tied to the individual’s employment in Wisconsin.

The benefits are also non-transferable. Teachers can’t share them with anyone else, including spouses or family.

It’s important for teachers to understand these non-portability and non-transferability rules when they plan for retirement. They can’t take their WRS benefits with them or give them away.

The WRS offers great benefits, but teachers need to know how to use them. WEA Member Benefits provides financial planning advice for educators. There are also plenty of retirement resources available, like educational videos and calculators.

Exploring Resources for Retirement Planning

Exploring Resources for Retirement Planning

Photo Credits: Ecopolitology.Org by Anthony Thompson

Wisconsin teachers looking to plan for retirement can take advantage of valuable resources. The Wisconsin Retirement System (WRS) offers a range of tools and services to support educators in their retirement journey. Additionally, WEA Member Benefits provides financial planning services tailored specifically to the needs of educators. In this section, we will explore the resources available through both the WRS and WEA Member Benefits, helping teachers navigate the path towards a secure and fulfilling retirement.

Tools and Resources Offered by the WRS

The Wisconsin Retirement System (WRS) provides a wide range of tools and resources to help individuals plan for their retirement. These resources are designed to assist members in making informed decisions.

WRS offers educational videos, stages of membership materials, retirement calculators, and printables. These tools help individuals estimate their future benefits based on different scenarios.

In addition, educators can benefit from the financial planning services provided by WEA Member Benefits (WEA-MB). WEA-MB specializes in offering unique programs tailored to educators’ needs. Services include personalized retirement planning assistance, investment guidance, seminars, and workshops.

Educators should also sign up for the WRS eBook, which covers the retirement system and its benefits.

WRS aims to empower teachers with knowledge and support for their retirement. It offers comprehensive information, calculators, educational materials, personalized assistance, and financial planning services through WEA-MB. WRS ensures its members have what they need for a secure retirement.

Educational Videos and Stages of Membership

The Wisconsin Retirement System (WRS) offers educational videos and stages of membership for teachers to plan their retirement. To help them make informed decisions, the WRS provides a range of tools and resources.

Educational videos cover topics like pension calculation methodology, eligibility requirements, and contributions from teachers and employers. These videos can benefit teachers at different stages of membership.

Moreover, retirement calculators and printables are available to estimate future benefits. These tools help plan for financial security.

Membership in the WRS is divided into stages based on employment status. These include active membership, vesting period, termination of employment, and actual retirement.

Educators can rely on the educational videos, resources, and services of the WRS and WEA Member Benefits to gain a better understanding of their options. Making use of these resources early on will ensure a comfortable retirement.

So, why rely on a crystal ball when you can use retirement calculators and printables? Invest your time in the educational videos and stages of membership provided by the WRS for a brighter financial future.

Retirement Calculators and Printables

Retirement Calculators and Printables are a great way for individuals to plan for the future. The Wisconsin Retirement System (WRS) and WEA Member Benefits provide them with online tools and printable resources.

  • Retirement Calculators: Through the WRS, you can estimate your retirement benefits by considering your years of service, highest average salary, and age at retirement.
  • Printable Resources: The WRS also offers printables to help understand the pension calculation methodology, benefit tiers, eligibility requirements, and contributions from teachers and employers.
  • Educational Videos: The WRS also provides educational videos to guide members through the different stages of membership in the retirement system.
  • Financial Planning Services: WEA Member Benefits offers financial planning services tailored specifically to educators. They provide personalized assistance throughout their journey towards retirement.

The WRS eBook also provides more information about retirement benefits. These tools and resources help individuals gain a better understanding of their retirement income and make smart decisions for their future. Retirement Calculators and Printables are an essential part of planning for post-career life. So, let the WEA help you get ready for retirement!

WEA Member Benefits: Financial Planning Services for Educators

WEA Member Benefits offers educators specialized financial planning services. These are designed to help teachers plan for their retirement and ensure financial security. By providing these services, WEA Member Benefits aims to support educators in making informed decisions and maximizing their retirement benefits.

  • Comprehensive retirement planning: WEA Member Benefits provides personalized assistance for creating a comprehensive retirement plan. It considers factors like pension calculations, benefit tiers, and WRS eligibility requirements.
  • Educational resources: Members have access to educational videos and stages of membership offered by the WRS. These resources help teachers understand the different aspects of the retirement system.
  • Retirement calculators & printables: WEA Member Benefits offers tools such as calculators & printable materials. These enable members to estimate their future retirement income & understand the financial implications of their choices.
  • Unique programs & services: The organization also provides unique programs & services for financial planning for educators. These address the specific needs & challenges faced by professionals in the education sector.
  • Recommendation to sign up for the WRS eBook: As part of their services, WEA Member Benefits recommends educators to sign up for the WRS eBook. This resource provides valuable info regarding retirement benefits, contributions & other details related to the Wisconsin Retirement System.

WEA Member Benefits also offers resources which complement the information provided by the Wisconsin Retirement System. With these, educators can enhance their understanding of retirement planning strategies tailored specifically for them.

To maximize their retirement benefits, educators must take advantage of the financial planning services offered by WEA Member Benefits. This allows them to gain a better understanding of the complexities of the Wisconsin Retirement System & develop a financial plan for their retirement. Don’t miss out! Contact WEA Member Benefits today to get started on your journey towards a financially secure retirement.

Unique Programs and Services for Retirement Planning

The Wisconsin Retirement System (WRS) offers a range of unique programs and services for retirement planning. These resources help educators make informed decisions about their financial future.

  • Retirement Calculators and Printables: WRS offers online calculators and printable resources. They allow users to input personal info like years of service and salary history, to get projections of retirement income.
  • Educational Videos and Stages of Membership: WRS provides educational videos that explain the different stages of membership. These videos cover topics like eligibility requirements, benefit calculations, and post-retirement health insurance.
  • WEA Member Benefits: Financial Planning Services for Educators: Teachers can access financial planning services through WEA Member Benefits. This organization provides programs and services tailored to educators’ retirement needs, such as personalized consultations, investment advice, and retirement planning tools.
  • Recommendation to Sign Up for the WRS eBook: WRS also suggests teachers sign up for their eBook on retirement planning. The resource covers topics related to retirement, including benefit options, tax considerations, health insurance options, and estate planning.

Additionally, teachers may find more info on unique programs and services in other sections of this article.

The WRS is managed by two entities: the State of Wisconsin Investment Board (SWIB) and the Department of Employee Trust Funds (ETF). They oversee investments and administration of the WRS, ensuring its long-term financial stability and security for retired educators.

Recommendation to Sign Up for the WRS eBook

The Wisconsin Retirement System (WRS) offers great resources for educators planning for retirement. Sign up for the WRS eBook! It comes highly recommended. This eBook provides comprehensive info and guidance about the WRS retirement benefits, qualifications, and calculations.

Sign up for the WRS eBook! It’s a smart choice for teachers in Wisconsin. It covers topics related to the WRS retirement benefit. These include the pension calculation method, benefit tiers, eligibility requirements, contributions from teachers and employers, and non-portability of benefits.

The WRS eBook also has unique programs and services made for retirement planning. When you sign up, you get access to helpful tools like retirement calculators and printables. This can help you understand retirement options and make informed decisions about your financial future.

Sign up for the WRS eBook! It’s highly recommended for Wisconsin teachers who want to secure a comfortable retirement through the WRS. Learn about pension calculations or use retirement planning tools. This resource gives essential info that can help educators prepare for life after teaching. Get ready to dive deep into the Wisconsin Retirement System! This isn’t your average pension fund.

The Wisconsin Retirement System : A Closer Look

The Wisconsin Retirement System : A Closer Look

Photo Credits: Ecopolitology.Org by Frank Rivera

The Wisconsin Retirement System, one of the largest public pension funds in the United States, deserves a closer look. Delve into an overview of the WRS as a public pension fund and discover additional resources for more information on this significant retirement system.

Overview of WRS as a Public Pension Fund

The Wisconsin Retirement System (WRS) is a public pension fund in Wisconsin. It provides retirement benefits to eligible individuals.

The WRS has qualifications and benefits. It has a pension calculation methodology that determines a teacher’s retirement income. There are different tiers based on years of service and age. Both teachers and employers contribute to the system.

A non-portable benefit is significant. If a teacher leaves their position before meeting the retirement requirements, they cannot transfer their benefits.

Two entities manage the WRS. The State of Wisconsin Investment Board (SWIB) invests the system’s assets. The Department of Employee Trust Funds (ETF) oversees administration and member services.

If you want more information, there’s more available. Publications, studies and reports provide insights into the system. Comparative analysis of retirement systems can also be reviewed.

Responsible Parties: SWIB and ETF

SWIB and ETF work together to keep the Wisconsin Retirement System (WRS) financially secure and sustainable. They regularly review and adjust investment strategies based on the market, actuarial assumptions, and any changes in the law. This joint effort ensures retirees get their promised benefits and keep the retirement system viable.

These entities, responsible for the management of the WRS, have expertise in investments and administration. This lets Wisconsin teachers trust their hard-earned contributions will be secure for their future.

Plus, SWIB and ETF are committed to being transparent. They provide regular updates on fund performance, strategies, and legislative changes through publications, reports, and educational resources. So, Wisconsin teachers can stay informed about their retirement benefits.

SWIB and ETF’s combined efforts make them responsible for a secure retirement for Wisconsin teachers. SWIB is a fiduciary with a duty to act in the best interest of fund participants. It manages the Core Fund (fixed income assets for current retirees’ annuity payments) and the Variable Fund (for long-term growth).

Stay informed about SWIB and ETF to get the most out of your retirement benefits. Refer to official publications, reports, and updates to understand the WRS and plan for your future. Enjoy the wild ride of the Core Fund and Variable Fund – just don’t forget your seatbelt!

Core Fund and Variable Fund

The Wisconsin Retirement System (WRS) has two components for investment: the Core Fund and the Variable Fund. They are key for managing WRS assets and ensuring public employee retirement benefits.

A table can explain their features:

Core FundVariable Fund
Responsible PartiesResponsible Parties
SWIBSWIB
ETFETF

The Core Fund focuses on less risky, long-term investments. The Variable Fund has higher risk investments, but higher potential returns. Both funds are monitored by the State of Wisconsin Investment Board and administered by the Department of Employee Trust Funds.

These funds serve different purposes. The Core Fund provides a steady foundation for growth. The Variable Fund allows for greater financial gains with riskier investments. This strategy balances the portfolio for different risk profiles and preferences.

Take Sarah, a retired Wisconsin teacher. She allocated part of her retirement savings into the Core Fund and part into the Variable Fund. Initially, she was worried about market volatility. But, with the well-planned allocation, she had both steady growth and potentially higher returns. Thanks to the WRS, Sarah had a secure retirement with peace of mind.

For more information on the WRS, check out additional resources. Learn why Wisconsin teachers have more pension knowledge than ‘Jeopardy’ champions.

Additional Resources for Information on the WRS

The Wisconsin Retirement System (WRS) offers a range of extra resources for individuals seeking more information on the program. These are designed to help members understand their retirement benefits and plan for the future.

Such resources include:

  • Publications, Studies & Reports – Providing valuable info on the retirement system. These can help members stay informed about changes, understand pension calculations & access data.
  • Comparative Analysis Reports – Comparing the WRS with other public pension funds in terms of funding strategies, benefit structures & performance.
  • Seminars & Workshops – Educating members on retirement planning strategies, investment options & other relevant topics.
  • Online Resources – Educational videos, retirement calculators, brochures, forms & other materials giving practical guidance.
  • Personalized Consultations – Members can chat to Department of Employee Trust Funds representatives about their retirement benefits.
  • Retirement Planning Services – Financial planning services by organizations like WEA Member Benefits, with access to financial advisors & specialized programs.

The WRS continually updates its resources for members to have the most up-to-date info. By using these, individuals can gain deeper understanding of the WRS and make informed decisions about retirement planning.

Publications, Studies, and Reports

Text: A table of key publications, studies, and reports about the WRS can be created. It can have columns for the title, author(s), date, and a summary. This way, people can find what they need quickly.

Other resources, like educational videos and retirement calculators, also help. They give practical guidance tailored to WRS members.

Comparative Analysis of Retirement Systems

A comparative analysis of retirement systems requires an evaluation of various systems. It assesses their benefits, eligibility requirements, and contribution methods. The Wisconsin Retirement System (WRS) is one such system.

To understand this better, we must look at a comparison table. It shows aspects such as pension calculation methodology, benefit tiers, eligibility requirements, contributions from members and employers, and portability of benefits. Here’s the table:

Retirement SystemPension Calculation MethodologyBenefit Tiers and Eligibility RequirementsContributions from Teachers and EmployersPortability of Benefits
Wisconsin Retirement System (WRS)Detailed formula based on final average earnings and years of serviceMultiple tiers with varying eligibility criteria based on age and years of serviceMandatory contributions from teachers and employersNon-portable benefits within Wisconsin state employment system

You can find lots of publications, studies, and reports to get a comprehensive perspective on retirement planning options. These offer useful insights into the functioning, performance, and sustainability of retirement systems. Educators can use these resources to make smart decisions about their financial security.

So, don’t worry. The Wisconsin Retirement System has your back. You can retire and become a professional napper!

Conclusion: Secure Retirement through the WRS

Conclusion: Secure Retirement through the WRS

Photo Credits: Ecopolitology.Org by Bobby Miller

The Wisconsin Teachers Retirement system (WRS) plays a crucial role in ensuring a secure retirement for the state’s public employees. In this conclusion section, we will explore the importance of the WRS, the retirement benefits and services it provides, and how to seek assistance from the Department of Employee Trust Funds. With the WRS, Wisconsin’s educators can feel confident in their financial future, backed by a system designed to support them every step of the way.

Importance of the WRS for Wisconsin’s Public Employees

The Wisconsin Retirement System (WRS) is vital for the financial security of Wisconsin’s public employees. It offers a lifelong annuity, giving teachers a steady income after they retire. The WRS is designed to give fair benefits based on contributions and qualifications.

Pension calculation is critical for determining how much retirement pay teachers receive. There are different tiers and requirements in order to get certain benefits. Teachers and employers both contribute, but the amount depends on job type and salary.

The WRS benefits are not portable, so teachers need to plan ahead. Retirement calculators and printables from the WRS help with this. The WEA Member Benefits has programs and services tailored for teachers, like the WRS eBook.

The WRS is a public pension fund managed by SWIB and ETF. These parties prioritize the well-being of Wisconsin’s public employees. The core and variable funds ensure secure investments while offering opportunities for growth.

Various publications, studies, and reports are available about the WRS. Comparative analysis of retirement systems can also offer valuable information.

Retirement Benefits and Services Provided by the WRS

The WRS Retirement Benefit is a must for securing retirement for Wisconsin’s public employees. It provides a life-long annuity, granting teachers steady income in their later years. Qualifications and Benefits of the WRS depend on factors like years of service, age, and highest average salary.

Pension Calculation Methodology is used to figure out the precise amount of retirement benefits. Both teachers and employers contribute to fund the system, which adds to its sustainability. Note that benefits under the WRS are non-portable, meaning they cannot be moved.

The WRS also offers various tools and resources for retirement planning. Educational videos, stages of membership guides, calculators, and printables are available to aid teachers. WEA Member Benefits offer financial planning services catered to educators’ needs. It is recommended to enroll in the WRS eBook offered by Member Benefits.

It is clear that the retirement benefits and services provided by the WRS are essential for the financial well-being of Wisconsin’s public employees. Contacting the Department of Employee Trust Funds for help with retirement planning is advisable.

The Wisconsin Retirement System has been crucial for many years in providing retirement security to the state’s teachers. Managed jointly by SWIB and ETF, it has adapted to changing needs of educators, enabling them to retire with dignity and financial stability. Through responsible management and improvement, the WRS has become a benchmark for other retirement systems across the nation.

Contacting the Department of Employee Trust Funds for Assistance

The Department of Employee Trust Funds (ETF) assists people seeking info about the Wisconsin Retirement System (WRS). ETF oversees the state’s retirement system. It offers help to teachers who want to understand their benefits and plan for a secure future.

You can reach out to the ETF by phone or email. It provides prompt and accurate answers. The ETF website has lots of resources to help teachers with the WRS. These include videos, calculators, printable materials and more. Teachers can use these tools to gain knowledge and understand their retirement options.

Organizations like WEA Member Benefits also provide support. They specialize in offering financial planning services for educators. Signing up for the WRS eBook gives teachers detailed guides to retirement planning that take into account their unique needs as education professionals.

Some Facts About Wisconsin Teachers Retirement:

  • ✅ The Wisconsin Retirement System (WRS) covers all public employees in Wisconsin, including teachers. (Source: www.teacherpensions.org)
  • ✅ The WRS is a defined benefit pension plan, which means that retirement benefits are determined by a formula based on years of experience and final salary. (Source: www.teacherpensions.org)
  • ✅ Teachers in Wisconsin need to serve a minimum of 5 years to qualify for a pension, but the pension may not be substantial. (Source: www.teacherpensions.org)
  • ✅ Both teachers and employers contribute to the WRS pension fund, with a contribution rate of 6.75% each in 2020. (Source: www.teacherpensions.org)
  • ✅ Wisconsin’s teacher retirement system provides the most benefits to teachers who stay the longest, leaving others with inadequate benefits. (Source: www.teacherpensions.org)

FAQs about Wisconsin Teachers Retirement

How do teacher pensions work in Wisconsin?

Teacher pensions in Wisconsin are administered through the Wisconsin Retirement System (WRS), which is a defined benefit plan. The value of the pension is determined by a formula based on years of experience and the final salary of the teacher. Both the teacher and employer contribute to the pension fund, and the pension wealth is calculated using a multiplier, average salary of the highest three years, and years of service.

Who qualifies for a teacher pension in Wisconsin?

To qualify for a teacher pension in Wisconsin, teachers need to serve a minimum of 5 years. Full benefits can be received at age 65 with at least 5 years of experience, and early retirement is possible at age 55 with at least 5 years of experience, but benefits will be reduced.

How are teacher pensions calculated in Wisconsin?

Teacher pensions in Wisconsin are calculated using a formula that takes into account the number of years of service, the average salary of the highest three years, and a multiplier. The multiplier is currently set at 1.6%. The formula provides a monthly retirement benefit for eligible teachers.

What is the employer contribution rate for teacher pensions in Wisconsin?

Both teachers and employers contribute to the pension fund in Wisconsin. The employer contribution rate is currently set at 6.75% of the teacher’s salary. The teacher also contributes at the same rate, resulting in a total contribution rate of 13.5% of salary contributed annually.

What are the death benefits for teachers in the Wisconsin Retirement System?

The Wisconsin Retirement System provides death benefits for actively covered WRS employees. Upon the death of a covered teacher, death benefits are payable to the designated beneficiaries. It is important for teachers to regularly update their beneficiary designations to ensure their wishes are followed.

What resources are available for teachers in the Wisconsin Retirement System?

The Wisconsin Retirement System provides various resources, including calculators, educational videos, and printables, to help teachers plan for retirement. The WRS website, administered by the Department of Employee Trust Funds, offers tools such as the WRS Benefit Calculator and a comprehensive video collection. Teachers can also access publications and study reports to gain a deeper understanding of the WRS.

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