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Wisconsin boasts one of the least complicated retirement systems in the country, as essentially all state and local employees fall under the umbrella of the Wisconsin Retirement System (WRS). It ...
Edwin Denson [2] Website. www .swib .state .wi .us. The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF), and other state trust funds. As of December 31, 2023, SWIB managed over $156 billion in assets.
Statements made, such as 'Employees of Wisconsin Retirement System (WRS) employers, and the City and County of Milwaukee must contribute 50% of the annual pension payment' were framing devices used to justify the cut in take-home pay, as reduction in total compensation to public employees using these retirement systems was a policy goal for the ...
Retired pay for U.S. Armed Forces retirees is, strictly speaking, not a pension but instead is a form of retainer pay. U.S. military retirees do not vest into a retirement system while they are on active duty; eligibility for non-disability retired pay is solely based upon time in service. Unlike other retirees, U.S. military retirees are ...
Authorizes the Department of Employee Trust Funds to withhold money from a participant's Wisconsin Retirement System annuity or lump sum payment consistent with a court order of restitution ...
Wisconsin’s OPEB plans are only 22.4 percent funded. Wisconsin, like many others, treats OPEB on a pay-as-you-go basis, whereby benefits are paid when retirees receive the health care.
Monday February 20, 2023: THE NEW TAX AND FINANCIAL RULES HAVE CHANGED. Understand the potential impact taxes have on your retirement...
The Wisconsin QUEST card looks like a plastic debit card and has your name, card number and the QUEST logo. The QUEST card can be used to pay for food at stores and some farmers’ markets. It can ...