Wisconsin Retirement System Contact
For more information on your WRS benefits or to estimate your retirement benefits, go to http://etf.wi.gov
Eligibility
Employees regularly working over 23 hours per week must participate in the WRS. The Village contributes to your WRS account as well. WRS annually establishes the employer required contribution as well as your employee required contribution. These are pre-tax contributions of a defined benefit plan.
Calculation
Your retirement benefit is calculated by WRS using a formula that includes your final average monthly earnings, your employment category (general or protective service), your years of creditable service, and any applicable age reduction factor if you are retiring before your normal retirement age.
Alternatively, you may choose a money purchase retirement benefit. This is calculated by multiplying the money purchase balance in your WRS account, plus accrued interest, by a “money purchase factor” based on your age and your benefit effective date. You can find your money purchase balance on your annual Statement of Benefits.
Wisconsin Deferred Compensation – 457(b) Plan
You may also choose to enroll in a deferred compensation plan. This is a voluntary plan with no employer contribution. Your payroll contributions are pre-tax.
Enrollment
Complete an enrollment form found on the WDC website at www.wdc457.org. Turn in your completed form to payroll or mail to WDC as listed on the form.
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