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Calendar
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Unit Information
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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
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