WRS Annual Statement of Benefits Now Available in the Portal

If you were covered by the Wisconsin Retirement System (WRS) in 2016, your WRS Annual Statement of Benefits is now available in the MyUW portal for UW System institutions or for UW-Madison.

Log in to the portal. Go to the Benefit Information module and click on the Statements tab. Choose “2016 ETF Annual Statement of Benefits (WRS) Issued 2017” to view or print your statement.  The WRS Annual Statement of Benefits provides you with information about your WRS account as of January 1, 2016.

Understanding Your Statement

The Department of Employee Trust Funds (ETF) has published an introductory letter which highlights important information on the statement that you need to know.

The Explanation of Annual Statement of Benefits provides detailed information about each section of the statement. It is recommended that you review and verify each section of your statement using the explanation as a guide. The ETF Statement of Benefits web page provides additional resources including a Benefits Statement FAQ.

Sections of the statement include 2016 earnings and service, years of creditable service as of January 1, 2017, retirement benefit projections, separation benefit, death benefit and primary Beneficiary Designation(s) for your WRS account.

It is very important that you review your WRS account primary beneficiary(ies) on your statement.  Beneficiaries added before 1998 are not listed on your statement. Death benefits are always paid according to the most recent valid beneficiary designation form on file with ETF prior to an individual’s death. Your beneficiary information does not automatically change when a significant life event occurs, such as a divorce or a remarriage. You may add, change or remove beneficiaries by completing a Beneficiary Designation form(ET-2320) or Beneficiary Designation-Alternate form(ET-2321).  Mail your completed Beneficiary Designation directly to EFT at the address listed at the top of the form.

Questions?

If you have questions about your statement, contact your human resources office.  The following webinar may also be helpful in understanding your statement and answering any questions you may have.

ETF 2017 Live Webinar: Understanding Your Annual WRS Statement of Benefits

Featured topics include WRS contributions, vesting status, years of service, and what happens to your account if you die before taking a benefit.  You should have your statement in hand while attending this webinar. The webinar is offered on the dates below. Register here.

  • April 21, 11:30 a.m. – 12:00 p.m.
  • April 25, 12:00 p.m. – 12:30 p.m.
  • April 26, 11:00 a.m. – 11:30 a.m.
  • May 2, 6:00 p.m. – 6:30 p.m.
  • May 16, 11:30 a.m. – 12:00 p.m.
  • May 18, 12:30 p.m. – 1:00 p.m.
  • May 22, 11:00 a.m. – 11:30 a.m.

Source: UW Service Center

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