Wisconsin Department Of Employee Trust Funds

Wisconsin Retirement System
Forfeited Service Cost Calculator

02/29/2020



Name:  (optional)

Step 1: Select your current employment category:
  General/Teacher/Educational Support Personnel
  OR
  Elected Official/Exec. Retirement Plan Participant/Judges
  (start date after 12/31/2016)
  Protective with Social Security (e.g., Police Officers)
  Protective without Social Security (e.g., Firefighters)
  Elected Official/Executive Retirement Plan Participant/Judges

Step 2:  Enter the earnings in each of your three highest years of WRS earnings (fiscal year earnings for teachers, judges and educational support personnel; calendar year earnings for all other employment categories). Also enter the related service in each year to two decimal places. You may want to refer to your most recent Annual Statement of Benefits for information about the earnings and service in your three highest completed years.
Highest Years
    of Earnings
Related
Service

Year 1: (0.00)
Year 2: (0.00)
Year 3: (0.00)

(If you work less than full-time in any of your three highest years, enter the decimal equivalent of a partial year in the Related Service column. See how to calculate part-time service.)

Step 3:  Enter your years of forfeited service in the employment category(ies) in which the service was performed. You must enter the forfeited service as before-2000 or after-1999 service. (The cost to purchase before-2000 and after-1999 service is the same, but your formula benefit increase will be greater from before-2000 service.)   Service forfeited through a separation benefit that was paid before January 1, 2000, is purchased as before-2000 forfeited service. Service forfeited through a separation benefit paid after 1999 is purchased as after-1999 service, regardless of when the forfeited service was performed.

Employment Category Years of Service Forfeited

  Before 2000 After 1999    
 
General/Teacher/Educational Support
OR
Elected Official/Exec. Retirement Plan Participant/Judges
(start date after 12/31/2016)
  (00.00)
Protective with Social Security   (00.00)
Protective without Social Security   (00.00)
Elected Official/Executive Retirement Plan/Judges (00.00)
    (Before Act 10) (After Act 10)  


Step 4:    Press the "Calculate" button to see your results, or "Clear" to enter new data.