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WRS retirement benefits are calculated using two methods: the formula method, and the money purchase method. ETF calculates your benefit using both methods and automatically pays you the higher amount. See how each method is calculated and resources for estimating your benefit.
1 Ιουλ 1990 · This WRS Retirement Benefits Calculator is a tool that can give you an unofficial estimate of your benefit as you plan for retirement. Contact ETF for your official estimate and application 6-12 months before you plan to apply for benefits.
retirement benefit is calculated using: • Your final average monthly earnings. • Your total years of creditable service (including military service credits, if applicable). • The formula multiplier(s) for your service and employment categories. • Any age reduction factor(s) based on your age at retirement. A money purchase
1) enter your projected age 62 monthly Social Security benefit amount; or 2) leave it blank and complete the three highest years of earnings and related service fields below, and we will use a projected age-62 Social Security benefit amount from our WRS actuary.
Wisconsin Retirement Calculator. Visualize Your Retirement. See how your tenure, salary and contributions affect your benefits. Smart Retirement Planning. Maximize Your Lifetime Income. The tools you need to help you plan for a comfortable retirement. Employment Duration. Determine the impact of your employment length on your retirement income.
If you retire under age 62, you will be eligible for an Accelerated Payment, which provides a higher monthly annuity until age 62. At age 62, the WRS annuity decreases by the anticipated monthly amount payable from Social Security. Use the Accelerated Payment Cost Calculator to estimate the cost.
State of Wisconsin employer that participates in the Wisconsin Retirement System (WRS). You may be eligible for a ret. When am I eligible to retire? You are eligible for retirement benefits when you: • retire from all WRS-covered employment, and. • are vested* in the WRS, and. • are 55 years or older (50 years or older for Protective WRS category).
