Worcester Retirement System (WRS) is a public pension fund based in Worcester, Massachusetts. Established in 1945, the WRS is a contributory defined benefit retirement system that covers eligible employees of the City of Worcester (except Worcester Public School teachers) and the Worcester Housing Authority (WHA). The WRS is administered by a five-member Board consisting of the City Auditor, two representatives elected from the membership, a City Manager representative and a fifth member chosen by the other four who cannot be an employee, retiree or official of the City. One Board member is elected from the group to serve as Chairman. State Street serves as Custodian.