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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.
See the Calculating Your Retirement Benefits. brochure for calculation information. Contact Us with questions concerning your retirement and plan on attending a group presentation in your area to learn more about your WRS benefits.
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.
Your retirement income will be based on your years of WRS service, your age at retirement, and the average of your highest three years of earnings or based on the total cash value of your account, whichever is greater. WRS also provides death, permanent disability, and separation benefits.
