SUMMARY

As of December 2015, SWIB had $99.1 billion in assets under management, and investment returns for the two funds of the Wisconsin Retirement System exceeded five-year benchmarks. Although it is too soon to evaluate several of SWIB’s new investment strategies, we found that SWIB has not performed well compared to other large pension plans as of December 2015. We include recommendations for SWIB to work with the Board of Trustees to increase expense reporting, develop guidelines for an employee bonus deferral policy, and consider whether to make changes to board committees.