Wisconsin Retirement System
Update Variable Excess/Deficiency Balance
1.
Enter your January 1
Variable
money purchase balance from your last annual
Statement of Benefits
(Section 9, Money Purchase Balance). Do
not
enter the Total Balance from the right column, because that amount includes the Core money purchase balance.
$
2.
Enter the dollar amount of the Variable excess or deficiency balance from the
Statement of Benefits
(Section 8, Formula Benefit Data).
$
Is this amount an Excess or a Deficiency?
Excess
Deficiency
3.
Enter an
estimated*
Core effective interest rate for the year in which the
Statement of Benefits
was issued. Example: If your last Statement is dated January 1, 2008, enter an estimated Core effective rate for 2008.*
Note: Enter the rate to one decimal, such as 5.6%.
%
Is this rate a Gain or a Loss?
Gain
Loss
4.
Enter an
estimated*
Variable effective interest rate for the year in which the
Statement of Benefits
was issued. Example: If your last Statement is dated January 1, 2008, enter an estimated Variable effective rate for 2008.*
Note: Enter the rate as a whole number, such as 7%.
%
Is this rate a Gain or a Loss?
Gain
Loss
* Exception: If you already know the actual Core and Variable effective interest rates, enter the actual rates instead of estimated rates. The effective rates are usually announced by the end of February each year.