Author: demeuses

As a Universities of Wisconsin employee, you are eligible for the UW 403(b) Supplemental Retirement Program (SRP) – a voluntary supplemental retirement savings plan administered by the Universities of Wisconsin specifically for UW employees.

Choose either TIAA or Fidelity in the UW 403(b) SRP. Both offer the same 18 best-in-class choice of mutual funds, a guaranteed interest option, and access to a brokerage window. You decide how much to save, which of the fund options to invest in, and whether to contribute on a pre-tax and/or Roth (after-tax) basis. You can start, change, or stop your deductions at any time.

Enrollment is easy with the EZ enrollment form.

Before enrolling, schedule a free individual counseling session or attend a live or on-demand webinars offered through TIAA or Fidelity.

Individual Counseling Sessions
To help you better understand the UW 403(b) SRP and available options, attend an individual counseling session. No matter where you are in life – just getting started or planning for retirement – a session with a financial consultant can help you create a plan for your goals.

These one-on-one counseling sessions are a free service available to participants in the UW 403(b) SRP as well as those considering participation. Counseling sessions are open to all employees, and you are not obligated to open an account with a recordkeeper.

• TIAA
  Schedule an appointment at tiaa.org/public/login/schedule-meeting or call (800) 732-8353, weekdays, 7 am to 7 pm (CST).
• Fidelity
  Schedule an appointment at digital.fidelity.com/prgw/digital/wos/Appointments or call (800) 642-7131, weekdays, 7 am to 11 pm (CST).

Live and On-Demand Webinars
Whether you are a current contributor to the 403(b) or looking for more information, check out the Live and On-Demand Webinars available to all UW employees. The on-demand webinar: SRP: Investing in Your Financial Future: Intro to the 403(b) Program is a good resource for new enrollees.

Additional Resources
Additional resources are available on the UW 403(b) Supplemental Retirement Program web page.

 

Source: Universities of Wisconsin Office of Trust Funds

The 2025 Annual Benefits Enrollment (ABE) period is September 30 – October 25, 2024. This is your annual opportunity to enroll in or make changes to most of your benefits. Changes made during ABE are effective January 1, 2025.

Plan now so you are ready for the enrollment period.

The Universities of Wisconsin Office of Human Resources is hosting virtual presentations to review the upcoming benefit changes and actions you need to take. Presentations are scheduled for:

• Tuesday, October 1, 2024, at 12:00 PM
• Thursday, October 3, 2024, at 5:00 PM
• Wednesday, October 9, 2024, at 2:00 PM
• Thursday, October 17, 2024, at 9:00 AM
• Wednesday, October 23, 2024, at 12:00 PM

To attend a virtual presentation, go to the ABE Presentation web page (https://⁠www⁠.wisconsin⁠.edu/abe/presentations) for the meeting link.

The presentations will be approximately 45 minutes. You will have an opportunity to submit questions during the presentation (excluding personal health information) that will be answered at the end, as time permits.

A recording of the presentation and question & answer document will be available on the ABE Presentation web page following the first presentation.

You will receive emails reminding you to review your benefits and take action by Friday, October 25, 2024, 4:30 PM.

Sincerely,

Universities of Wisconsin Office of Human Resources

Faculty, Academic Staff and Limited Appointees (who have or had an active leave-eligible appointment) must submit monthly leave reports for each appointment, whether or not leave is used. Employees are required to report leave on or before the day the leave is taken, or if no leave is taken, to enter a “No Leave Take” at the end of the month.

Missing leave reports must be submitted by September 30, 2024, for fiscal year July 2023 through June 2024.

Failure to submit leave reports will result in a permanent reduction of sick leave hours. Even one unsubmitted leave report will reduce an employee’s sick leave balance resulting in less sick leave available to use if needed.

Long term, a reduction of sick leave hours will result in fewer hours available for the Sick Leave Credit Conversion Program which allows employees to pay for health insurance in retirement.

How do I Know if I have Missing Leave Reports?

Employees with missing leave reports receive email reminders every two weeks listing their missing reports. Employees may sign into my.wisconsin.edu to check for missing leave reports at any time. UW-Madison employees can also access from the MyUW portal (my⁠.wisc⁠.edu).

To check for missing leave reports, access the Review Missing Leave Reports tipsheet on the Time and Absence Help page.

Policies

The following sick leave policies are available for reference:

• UW System Administrative Policy 1212 (formerly BN 3) Sick Leave (section 6.G.III.1 and VII.1)
• UW-Madison Sick Leave Policy (section VIII and XI)

If you have questions, reach out to your Payroll/Leave Administrator.

 

Source: Universities of Wisconsin Office of Human Resources