How Your Pension Works

The amount of your future retirement benefit depends on your years of service for WRS employers and your average salary, as well as your age at retirement. Specifics for the 8 WRS pension plans differ, but the concept is the same.

In many cases, if you change jobs, you can continue to build your pension benefit with any of the 700+ participating public employers in Wyoming.

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Pension Contributions

Your pension benefit is funded by your employer’s contributions on your behalf, as well as your contributions. Contribution rates are set in state statute.
In some cases, employers pay some of the employee contributions as part of overall compensation. Look at your pay stub or check with your employer for details.
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Your retirement assets can help your loved ones if something happens to you. Be sure to designate a beneficiary on your accounts.

Beneficiary designations for your WRS Pension Plan and WRS 457 Plan are made separately for each plan. A beneficiary can be one person, several people, a trust, or an organization.

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Online Pension Account

In your Online Pension Account you can add beneficiaries, update contact info, access account information, apply for retirement when you're ready, and more.

Monthly Public Employee New Hire Onboarding

The Wyoming Retirement System offers New Hire Onboarding Training virtually on the first Tuesday of each month at 10 a.m. on Zoom. In this meeting, one of the WRS educators will provide basic information about the Public Employee Pension Plan and the 457 Deferred Compensation Plan. 

Click here to attend. 

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