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  • Wi Et-2815 2023

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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 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.

Taxation of Your WRS Benefit The tax treatment of WRS benefits is generally similar for federal and Wisconsin income tax purposes. Your WRS benefit is not subject to Social Security or Medicare taxes.

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.

To be eligible for a WRS retirement benefit: You must be vested and be at least age 55 (or age 50 if you have protective category service). You must terminate all WRS-covered employment. You must not be on a leave of absence or in layoff status. You must turn in a complete and valid retirement application to ETF.

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.

Money is paid by both the employer and the employee. A defined benefit plan means that the amount paid to you in retirement is based on a formula that is fixed, and therefore “defined”.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232