Saving for Retirement

Take an active interest in your retirement plan and learn more about how to maximize your benefit for retirement. No matter what age you are in your road to retirement, it is never too early or too late to start saving and planning. In this section, we provide you with several resources to aid you in your planning and to learn how to maximize your benefit.

If you are within retirement age and looking to retire soon, go to our Planning for Retirement section to learn more about getting ready to retire.

WRS Retirement Benefit Calculations

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.

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Increase Your Retirement Benefit

Although your WRS benefit will give you a reliable source of income, it is important that you also have personal savings and other investments.

Buying Creditable Service

If you are eligible, you may have the option of buying creditable service that can increase your retirement benefits. Find out how.

Accumulated Sick Leave Credit Program

Find out how this program allows state employees to convert unused sick leave to credits to pay for health insurance during retirement, including pharmacy and optional Uniform Dental benefits.

How Retirement is Different for Women

Women experience more challenges in saving for retirement. See what challenges women face and use the resources available to start planning for a financially secure future.

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When Can I Retire?

Learn how your age at retirement may affect when you may retire and the amount of your benefit. Includes information about how your employment category and years of service affects your retirement age.