SUMMARY

We provided unmodified opinions on the financial statements for the Wisconsin Retirement System (WRS), the State Retiree Life Insurance program, and the Local Retiree Life Insurance program, as of and for the year ended December 31, 2019. The financial statements, and our auditor’s reports, are included in separate reports issued by the Department of Employee Trust Funds (ETF) and are available on its website.

We also provided unmodified opinions on the employer schedules prepared by ETF for the WRS, the State Retiree Life Insurance program, and the Local Retiree Life Insurance program. These schedules are available on ETF’s website. In these schedules, ETF reports a net pension asset for the WRS and a net other postemployment benefits (OPEB) liability for both the State Retiree Life Insurance program and the Local Retiree Life Insurance program. These schedules were prepared to assist participating employers, including the State of Wisconsin, in preparing their financial statements in accordance with generally accepted accounting principles.