Wyoming WRS Calculator: How to Use It
WRS has two tiers for public employees. The date of your first contribution decides your multiplier, your highest average salary window and your full retirement age.
What this calculator does
It applies your tier's multiplier to your projected service and HAS, checks full retirement (age 60 or 65 once vested, or the Rule of 85), and otherwise checks reduced retirement (50 or 55 once vested, or 25 years at any age) with a 5% a year cut.
What each input means
Benefit tier
Tier 1 if your first WRS contribution was before September 1, 2012; Tier 2 otherwise.
Years of WRS service
Your service today. The calculator adds a year for each year you keep working.
Highest average salary
Your highest 36 (Tier 1) or 60 (Tier 2) continuous months of salary, as an annual figure.
Planned retirement age
The age your benefit starts. The reduction is prorated by the month.
Reading the result
A Tier 1 member at 56 with 26 years has 82 points. They are 4 years below 60, so the cut is 20%. At 57 and 6 months they reach 85 points and the cut disappears.
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Frequently asked questions
Does Tier 1 need 15 years to retire at 60?
No. Tier 1 needs only to be vested (48 months of service) at 60. The 15-year figure is where the Tier 1 multiplier steps up from 2.125% to 2.25%.
How big is the early cut?
5% a year below 60 (Tier 1) or 65 (Tier 2), prorated by the month. Retiring 5 years early costs 25%.
Can I retire at 45?
Only with 25 years of service. The 5% a year cut still applies, measured from 60 or 65, unless you meet the Rule of 85.
Does the calculator include COLAs?
No. WRS COLAs need legislative action, and the self-funded COLA option isn't modeled.