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Investment enhancements in the 401a and 457 Plans
Refer to the Fund Change Notice for additional details on the May 2023 investment option enhancements for the 401a and 457 Plans.
Increased rate of return announced for the Guaranteed Income Fund
The net interest crediting rate for the Guaranteed Income Fund was recently increased to 2.25%. This net rate will be credited to funds invested in the Guaranteed Income Fund and will remain in effect from 1/1/2023 to 6/30/2023. The interest crediting rate is guaranteed not to change during this time. Wayne County Employees’ Retirement System is committed to offering a fund with stability in all economic conditions yet responds to rising interest rates.
Did you take a Coronavirus-Related Distribution (CRD) from your Plan account?
Review the Wayne County CARES Act Repayment Notice to learn about tax implications of your distribution and the opportunity to pay all or a portion of your distribution back into your account.
Please review the CRD Repayment FAQs for more information on the tax consequences associated with a CRD.
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