Pension Plan Information


A pension plan is often referred to as a “defined benefit” plan because a formula defines the benefit members receive when they retire. Pension plan members' future benefit is based on the member's age, salary, and years of service while participating. Generally, as the member's years of service and salary increase, so does the future benefit.

The retirement benefit of a pension plan provides a monthly payment for life. The WRS Board assumes the responsibility for investing contributions in such a way as to have enough investment earnings to pay for a life-long pension benefit for each member.

 

Pension Plan Characteristics

The WRS Pension Plan Characteristics Document (pdf) outlines the basic benefit structure of WRS' Pension Plans. Detailed information can be found in the Pension Plan Handbook specific to a plan.


The Pension Plan Benefit Calculator is a useful tool for members to use in estimating their potential pension benefit. Official estimates, using current salary information only, are available to members in their Online Pension Account


Public Employee Pension Plan

Public Employee Handbook | Public Employee Valuation Report

Game Warden, Highway Patrol, and Criminal Investigation Pension Plan

Warden, Patrol & DCI Handbook | Warden Patrol & DCI Valuation Report

Law Enforcement Pension Plan

Law Enforcement Handbook | Law Enforcement Valuation Report

Judicial Pension Plan 

Judicial Valuation Report

Volunteer Firefighter Pension Plan 

Volunteer Firefighter Handbook | Volunteer Firefighter Valuation Report

Plan A Paid Firefighter Pension 

Plan A Paid Firefighter Valuation Report

Plan B Paid Firefighter Pension

Plan B Paid Firefighter Handbook | Plan B Paid Firefighter Valuation Report

Air Guard Firefighter Pension Plan

Air Guard Firefighter Handbook | Air Guard Firefighter Valuation Report 

Volunteer Emergency Medical Technician Pension Plan

Volunteer EMT Handbook | Volunteer EMT Valuation Report

 

All Plans Summary

January 1, 2015

 

30 Year Projections

January 1, 2015