Employer Bulletin

Local WRS Employers
Vol. 22, Local F
April 19, 2005

Bulletin Provides 2005 Financial Disclosure Footnote To Help Employers Complete Annual Financial Statements and Reports

The Department of Employee Trust Funds (ETF) annually provides Wisconsin Retirement System (WRS) employers with model language for use in required WRS footnotes in annual financial statements and reports.

The footnote shows where to insert information specific to each employer. We also enclose a data sheet for each employer, containing specific information to insert into the footnote. The only information you will need to develop using your own records is total employer payroll, including non-participating employees.

The unfunded actuarial accrued liability balance appearing on the data sheet is as of December 31, 2004. We have included 2005 prior service contribution rates should you wish to calculate prior service contributions made during 2005 and update your liability balance.

The footnote is intended to serve as a model for use by all WRS employers. You and/or your auditors may wish to modify the language for your own purposes.

Employers with questions should contact Nancy Kittleson, ETF Office of Trust Finance & Data Analysis, at (608) 267-9034.