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AARP
ACT 11
Active
Annuitant
AWSA
BOALTC
CFP


CWAG
DOA
ETF
FPA
GIS

GPR
JSA


JSCRS
Metastar
MRA

NRTA
ORP
QEO
SAA

SIPD
SWIB
TAA

TIAA-Cref
UMPERSA
WASBO
WASDA

WICOA
WEAC
WEAC-R
WREA
WRC
WRS

AARP
Formerly known as the American Association of Retired Persons, now the organization goes by its acronym only

ACT 11
Major pension legislation approved in 1999, found Constitutional by the Wisconsin Supreme Court in June 2001. Eliminated the TAA, implemented the MRA, reopened the variable to current employees, equalized the death benefit, resulted in approximately a 10% increase for retirees and active workers at the time they retiree

Active
Currently working employee in the Wisconsin Retirement System

Annuitant
Retiree

AWSA
Association of Wisconsin School Administrators includes school administrators except superintendents

BOALTC
Board on Aging and Long Term Care

CFP
Certified Financial Planner, the mark of a financial planner who has completed rigorous training and testing

CWAG
Coalition of Wisconsin Aging Groups



DOA
Department of Administration

ETF
Department of Employee Trust Funds administers the pension fund

FPA
Financial Planning Association assists with WREA’s financial planning member benefit

GIS
Greater Insurance Service, Inc. administers WREA’s dental/vision and prescription drug/vision member benefit

GPR
General Purpose Revenue, tax dollars

JSA
Jack Schroeder and Associates administers WREA’s long term care member benefit

JSCRS
Joint Survey Committee on Retirement Systems, the legislative committee responsible for reviewing all retirement legislation and recommending them for passaage



Metastar
Formerly Wisconsin Peer Review Organization (WIPRO)

MRA
Market Recognition Account–the smoothing mechanism in the Fixed Fund that is being phased in as a result of ACT 11

NRTA
Formerly known as the National Retired Teachers Association, now carries the tag line AARP’s Educator Community

ORP
Optional Retirement Plan, move toward privatization of the Wisconsin Retirement System

QEO
Qualified Economic Offer passed in 1993 restricts increases of teacher salaries and fringe benefits 3.8%

SAA
School Administrators Alliance the legislative network of school administrators

SIPD
Special Investment Performance Dividend lawsuit initiated by WREA in 1988 over a 1987 raid on the pension fund. 1997 unanimous decision by Wisconsin Supreme Court stating the raid was unconstitutional, thus the pension fund and the participants in the fund needed to be repaid

SWIB
State of Wisconsin Investment Board, invests and manages the assets of the pension fund



TAA
Transaction Amortization Account, the smoothing mechanism in the Fixed Pension Fund that will be phased out by December 2004 as a result of ACT 11

TIAA-Cref
Teachers Insured Annuity Association–College Retirement Equity Fund

UMPERSA
Uniform Management of Public Employee Retirement Systems Act

WASBO
Wisconsin Association of School Business Officials

WASDA
Wisconsin Association of School District Administrators includes school superintendents

WICOA
Wisconsin Coalition of Annuitants is an organization of about 20 other retiree organizations

WEAC
Wisconsin Education Association Council is the teacher union, formerly WEA

WEAC-R
The retired affiliate group of the WEAC organized in 1994

WREA
Wisconsin Retired Educators’ Association, an independent, professional organization which began in 1951 to promote interests of retirees, with special emphasis on the pension fund

WRC
Wisconsin Retirement Consortium, group composed of active employee groups and retiree groups

WRS
Wisconsin Retirement System or the public pension plan in Wisconsin