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What is the average payout for the Wisconsin retirement system?

WRS covers 257,254 active employees, including 98,532 employees of public educational institutions, as well as 167,453 retired employees and beneficiaries. Employees contribute 5.8% out of each of their paychecks to the pension fund. The average retirement benefit is $24,989 per year, or $2,082 per month.

How do I contact the Wisconsin retirement system?

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.

How many years to be fully vested in the Wisconsin retirement system?

For employees that were WRS eligible prior to 7/1/11 contributions made by the employer are fully vested at the age of 55. For employees hired on or after 7/1/11, contributions made by the employer are fully vested at the age of 55 and after five years of creditable WRS service has been obtained.

Who manages the Wisconsin retirement system?

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.

Is WRS retirement the same as 401k?

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. The WRS is a strong public pension plan because of its stable funding, unique plan design and robust governance.