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Wisconsin Retirement System (WRS): The Wisconsin Retirement System (WRS) will be a source of retirement income for most Wisconsin public school employees. The Wisconsin Retirement System (WRS) pension plan is a hybrid defined benefit plan containing elements of both a 401(k) or defined contribution plan and a defined benefit plan. Our public pension plan is nearly 100% funded due to fiscal discipline, unique plan design and robust governance. In accordance with the general policy of eligibility, staff members are required by Wisconsin State Statutes to participate in the Wisconsin Retirement System. Beginning July 1, 2011, employees will contribute one-half of the total contribution and the District will contribute one-half of the required total WRS contribution (currently 13.4%). The District will also pay the employer's share of Social Security. More information is also available on the Wisconsin Department of Employee Trust Funds (ETF) website: http://etf.wi.gov/. You should closely review the publication “Your Benefit Handbook” on the Employee Trust Funds website at the following link: http://etf.wi.gov/publications/et2119.pdf. To learn more about this important benefit, how it works, how to read your statement, how benefits are calculated, the different payout options available at retirement, core versus variable fund participation, and much more, please watch the video series available at: https://www.weabenefits.com/seminars_cat.aspx?id=4103.
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