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SWIB, created in 1951, is responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF) and other state trust funds.
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 is a hybrid defined benefit plan. It contains elements of both a 401(k) or defined contribution plan and a defined benefit plan.
Consult this manual as an initial resource for WRS-related questions or concerns. For more information contact the Employer Communication Center at 1-877-533-5020, or email ETFSMBEmployerWRS@etf.wi.gov.
Taking Money from Your WRS Account Retirement Benefit: you may apply for a retirement benefit once you have terminated all WRS employment, reached the minimum retirement age for your employment category, and are vested.
Overview. The Wisconsin Retirement System (WRS) provides retirement (pension) benefits to UW System employees and to most public employees across the State of Wisconsin.
The minimum retirement age is 55 for most employees and age 50 for protective category employees. See the When Can I Retire page for more information.