Wisconsin Retirement System Investment Performance

Core Trust Fund and Variable Trust Fund calendar final year-to-date investment returns as of December 31, 2023 are now available. These returns are provided in order to assist members with any decisions regarding their Wisconsin Retirement System benefit.

ETF is responsible for administering retirement and other benefit programs. SWIB is the state agency responsible for investing the assets the WRS.

2023 Pre-Tax Savings Claims Due March 31, 2024

All 2023 Health Care Flexible Spending Account (FSA), Limited Purpose FSA, Dependent Day Care Account, Parking Account, and Transit Account claims are due by March 31, 2024.

After the March 31 deadline, you can no longer submit 2023 claims for reimbursement. Any 2023 pending claims filed with Optum Financial that require documentation or receipts must also be resolved by March 31, 2024.

You can submit your 2023 claim reimbursement requests through the Optum Financial mobile app or online account here.

2023 FSA Unsubstantiated Claims

Health Care FSA and Limited Purpose FSA claims that remain unsubstantiated or unresolved from the 2023 plan year will be subject to a plan correction process with your employer for payroll withholding.

Your employer may withhold the amount due from your payroll as a correction measure during the 2023 runout period, between February 2024 and March 2024.

Payment Card Usage

The payment card should only be used in the current plan year to pay for current year eligible expenses.

If you use your payment card in 2024 to pay for a 2023 expense, please call Optum Financial to request the claim be transferred to 2023 before the deadline, March 31, 2024.

For questions related to your claims or account, you can call Optum Financial customer service at 833-881-8158.

Welcome Henziel Jusino!

On Monday, February 5th 2024, Henziel Jusino started as a Multicultural Advisor!

Henziel (pronounced Hen-z) is originally from Chicago, Illinois. He has his Bachelors in Psychology and Masters in Counseling! Henziel previously worked at DePaul University as a STARS & Men of Color Peer Mentor for their Office of Multicultural Student Success. He also worked at Pearson as an Enrollment and Student Support Specialist for their Online Learning Services.

Welcome Henziel!

Income Continuation Insurance: Deferred Enrollment Period, Updated Premiums and Plan Changes

An Income Continuation Insurance (ICI) Deferred Enrollment opportunity is currently available through March 1, 2024, for eligible University Staff employees. This insurance provides replacement income if you are unable to work due to a short or long-term disability.

Additionally, all employees currently enrolled in ICI will have a premium update on the February 8, 2024, paycheck, and the Standard and Supplemental coverage levels will be consolidated into a single coverage level effective February 1, 2024.

Deferred Enrollment Sign-up Deadline Friday, March 1, 2024

University Staff employees who are eligible for the ICI Deferred Enrollment Period are notified of their enrollment opportunity by email the week of January 29.

To enroll, submit an ICI application to your benefits contact by 4:30 p.m. on Friday, March 1, 2024. Coverage is effective April 1, 2024, and the first premium deduction will occur on the April 4, 2024, paycheck.

Generally, University Staff employees not currently enrolled in ICI are eligible for deferred enrollment if they meet one of the deferred enrollment provisions. This is the only time during the year they may enroll in ICI without providing proof of good health.

Review your personalized ICI employee web page to determine your enrollment opportunity and an estimate of your premium.

Premium and Coverage Update

Effective February 1, 2024, ICI premiums will be updated. The following factors will determine the new premium amounts:

  • A decrease in premium rates. While premium rates are decreasing, your premium amount is determined by the rates and the factors listed below, which may cause your premium to increase.
  • Your 2023 eligible earnings and sick leave balance (if applicable)
    • For Faculty/Academic Staff/Limited Appointees: ICI premium* is based on your 2023 eligible earnings and the elimination period you elected.
    • For University Staff: ICI premium* is based on your 2023 eligible earnings and unused sick leave balance as of December 31, 2023.

      *If you were on an unpaid leave of absence during 2023, review your ICI employee web page for information on how your premium may be affected.

  • The consolidation of Standard and Supplemental ICI into a single coverage level up to $120,000 in eligible earnings. Employees currently enrolled in ICI will be automatically covered up to $120,000 in eligible earnings per year. The Universities of Wisconsin will contribute a portion of the premium if you are eligible for the employer contribution.

Review the Income Continuation Insurance Coverage Changes portal article for more information about this change.

Premium changes for 2024 will be reflected on the February 8, 2024, paycheck. Visit your personalized ICI employee web page for your premium summary.

More Information

For ICI plan information, visit the Universities of Wisconsin Employee Benefits ICI web page. After reviewing the web page, if you have questions, reach out to your benefits contact.

Source: Universities of Wisconsin Office of Human Resources

Welcome Jamison Vandenberg!

On Monday, December 11th 2023, Jamison Vandenberg started as an Academic Technology Support Specialist for the Division of Information Technology.

Jamison graduated from UW Whitewater in 2021 with a BA in Communication studying electric media and minored in entrepreneurship. Jamison has previously worked as an AV Tech LV3 at UW-Oshkosh, a Lead Sound engineer young auditorium, Badger State DJ’s. a production director for 91.7 the edge and a Production Manager for local bars in Wisconsin!

Welcome Jamison!

Welcome Calista Fowler!

On Monday, December 11th 2023 Calista Fowler started as an Area Coordinator for the Housing & Residential Education Department.

Cali has her BS in Fish, Wildlife, and Conservation Biology from Colorado State University! She has worked at the University of Wyoming, Ohio University, San Francisco State University and Colorado State University!

Welcome Cali!