WRS Webinars Offered in August

Additional Contributions

Adding money to your WRS account, via additional contributions, can enhance your eventual WRS retirement benefit. Learn how contributions grow with effective rate interest crediting, how to deposit (payroll deduction or direct pay), and much more.

Thu, Aug 6, 2020 11:00 a.m. – 11:30 a.m.
Mon, Aug 10, 2020 6:00 p.m. – 6:30 p.m.
Thu, Aug 20, 2020 12:30 p.m. – 1:00 p.m.
Mon, Aug 31, 2020 12:00 p.m. – 12:30 p.m.

To register, go to: https://register.gotowebinar.com/rt/3523075356874234379

Annuity Options

When you get your retirement estimate, you’ll see that there are many options for receiving your retirement benefit. You can choose to receive the payment for your life or extend it beyond your life to your loved ones. The choice is yours. We’ll discuss how each option impacts the size of your payment and affects your loved ones.

Fri, Aug 7, 2020 11:00 a.m. – 11:30 a.m.
Wed, Aug 12, 2020 12:00 p.m. – 12:30 p.m.
Fri, Aug 21, 2020 11:30 a.m. – 12:00 p.m.
Thu, Aug 27, 2020 6:00 p.m. – 6:30 p.m.

To register, go to: https://attendee.gotowebinar.com/rt/4268226481646071051

WRS Retirement Benefit Calculation Methods

Have you requested a retirement estimate? Thinking about it? In this webinar, we’ll discuss how we calculate your retirement benefit.

Wed, Aug 5, 2020 6:00 p.m. – 6:30 p.m.
Fri, Aug 7, 2020 12:30 p.m. – 1:00 p.m.
Thu, Aug 20, 2020 11:00 a.m. – 11:30 a.m.
Fri, Aug 28, 2020 11:30 a.m. – 12:00 p.m.

To register, go to: https://attendee.gotowebinar.com/rt/3619511322725445392

Preparing for Your Retirement

Planning to retire in the next 1-10 years? Then this webinar is for you.

We’ll discuss:

  • The money you and your employer have put towards your retirement account.
  • How your retirement account grows through investments.
  • When you can retire.
  • Options for receiving your retirement benefit.
  • Rules you must follow if you return to work after retiring.
  • What happens to your account after you die.
  • Changes to your health and life insurance in retirement.

Thu, Aug 6, 2020 1:00 p.m. – 3:00 p.m.
Mon, Aug 17, 2020 6:30 p.m. – 8:30 p.m.
Tue, Sep 1, 2020 10:00 a.m. – 12:00 p.m.
Thu, Sep 17, 2020 6:30 p.m. – 8:30 p.m.
Thu, Oct 8, 2020 1:00 p.m. – 3:00 p.m.
Tue, Oct 20, 2020 6:30 p.m. – 8:30 p.m.
Mon, Nov 2, 2020 10:00 a.m. – 12:00 p.m.
Wed, Nov 18, 2020 6:30 p.m. – 8:30 p.m.
Thu, Dec 3, 2020 10:00 a.m. – 12:00 p.m.
Mon, Dec 14, 2020 6:30 p.m. – 8:30 p.m.

To register, go to: https://register.gotowebinar.com/rt/2062561071726664450

Register for a webinar

WRS Webinars Offered in July

ETF is offering a series of 30-minute, live, interactive webinars designed to increase your understanding of Wisconsin Retirement System benefits. Individuals can also ask questions at the end of these sessions. Visit our webinar page to learn more about any of the following sessions. Here is what others have said about our webinars:

“My participation in the webinar was a first for me, and I just want to compliment you on how easy it was to connect, follow along, and provide questions or requests. Excellent job!”

“Thanks for having these valuable webinars. The professional but conversational style helped me to understand the presentation as easily as an “in office” meeting. Really appreciate that the presenter fully understands the subject. Wonderful job.”

5 Basic Steps to Your Retirement

Consider this webinar your quick reference guide to starting the retirement process within the next 12 months. We’ll review: choosing a termination date, how to request a retirement estimate – and how to read and understand it. We’ll also cover how to schedule a retirement appointment and – drum roll here – how to submit the retirement application.

  • Fri, July 10, 2020 11:00 a.m. – 11:30 a.m.
  • Wed, July 15, 2020 11:30 a.m. – 12:00 p.m.
  • Thu, July 23, 2020 12:00 p.m. – 12:30 p.m.
  • Wed, July 29, 2020 6:00 p.m. – 6:30 p.m.

To register, go to: https://register.gotowebinar.com/rt/4847994564325705999

Beneficiary Designations – What Happens to My Account When I Die?

Do you have a beneficiary designation on file with ETF and does it reflect how you’d want your WRS death benefits paid? This webinar reviews the importance of having a beneficiary designation on file and keeping it updated as life events occur. We’ll also review the process of how to correctly complete a designation form, what it means if you do not have one on file with ETF, and how to request a copy of your current form.

  • Tue, July 7, 2020 11:30 a.m. – 12:00 p.m.
  • Tue, July 14, 2020 6:00 p.m. – 6:30 p.m.
  • Mon, July 20, 2020 12:00 p.m. – 12:30 p.m.
  • Thu, July 30, 2020 12:30 p.m. – 1:00 p.m.

To register, go to: https://register.gotowebinar.com/rt/8545692850466537999

Overview of the Wisconsin Retirement System (WRS)

This webinar will cover participation in the WRS, vesting requirements, how the WRS is funded and benefits available under the WRS. Also included is a brief overview of the Core and Variable Trust Funds and how the WRS is structured.

  • Thu, July 2, 2020 11:00 a.m. – 11:30 a.m.
  • Thu, July 9, 2020 6:00 p.m. – 6:30 p.m.
  • Fri, July 24, 2020 11:30 a.m. – 12:00 p.m.
  • Tue, July 28, 2020 12:00 p.m. – 12:30 p.m.

To register, go to: https://register.gotowebinar.com/rt/2337923867322464783

Understanding Your Annual WRS Statement of Benefits

Your annual Statement of Benefits provides a summary of your Wisconsin Retirement System account information. Join us to learn more about the important topics addressed on your statement including:

  • How much you and your employer have contributed to your WRS pension
  • Your vesting status and years of service
  • Your beneficiary designation – what happens to your account if you die before taking a benefit

*** It is helpful to have your Statement of Benefits with you while participating in the webinar.

  • Wed, July 8, 2020 11:00 a.m. – 11:30 a.m.

To register, go to: https://register.gotowebinar.com/rt/4088832361488024588

Preparing for Your Retirement

Who should attend? Employees who are planning to retire in the next 1 – 10 years. Learn about your steps to retire with the WRS. Attend this event by live webinar! You will learn about the impact of contributions and investment returns on your account, when you can retire, your WRS annuity options, returning to work after you retire, what happens to your account when you die, health and life insurance, and more.  Questions are welcome during and after the event!

  • Thu, July 9, 2020 10:00 a.m. – 12:00 p.m.
  • Thu, July 23, 2020 6:30 p.m. – 8:30 p.m.
  • Thu, Aug 6, 2020 1:00 p.m. – 3:00 p.m.
  • Mon, Aug 17, 2020 6:30 p.m. – 8:30 p.m.
  • Tue, Sep 1, 2020 10:00 a.m. – 12:00 p.m.
  • Thu, Sep 17, 2020 6:30 p.m. – 8:30 p.m.

To register, go to: https://register.gotowebinar.com/rt/2062561071726664450

Register for a webinar

Health Savings Account: Contributions and Investment Options

Your Contributions
If you are enrolled in a high deductible health plan (HDHP) through the UW System, your annual maximum contribution amount* to your Health Savings Account (HSA) differs based on your level of coverage (single vs. family), your age (younger or older than age 55) and how many months of the year you are eligible for the HSA.

Reminder: You may change your per paycheck contributions at any time throughout the year!

*If you are unsure what your annual maximum contribution amount is, contact your tax advisor. Penalties may apply if you contribute more than the calendar year maximum to your HSA.

Your Investment Options
Once you have a minimum balance of $1,000 in your HSA, you can invest contributions above that minimum balance. There are several investment options available. Take advantage of the investment options to use your HSA as another vehicle to save for retirement and earn a higher rate of return. The minimum balance of $1,000 ensures that you always have access to a cash balance to pay for qualifying medical, dental and/or vision out-of-pocket expenses.

To get started, log into your myCYC mobile app or online portal and indicate how much you would like to transfer to the available investment options.

Note: You may set-up your account so that money greater than the minimum balance requirement will automatically transfer into your investment account. You determine the amount that you would like to invest vs the amount that you have access to with your HSA debit card.

Reminder: Review the HSA frequently asked questions to help you get the most out of your account!

Source: UW System Human Resources

Pursue Wellness (and $150) from Home

While you’re protecting others by staying home during the coronavirus pandemic, you can take steps to protect your own well-being, too.

Well Wisconsin can help.

Oh, and you can earn your $150 Well Wisconsin* gift card along the way.

COMPLETE YOUR HEALTH SCREENING FROM HOME
We know you can’t visit your doctor to complete the health screening component of Well Wisconsin. And the onsite screening events have been canceled this spring.

But you can still complete the health screening using the Health Care Provider Form (HCPF). Just follow these steps:

  • Download the fillable HCPF.
  • Locate blood pressure and weight numbers from your most recent physician visit.
  • Enter those values on the HCPF.
  • Upload your HCPF using one of the methods listed on page 1 of the form.

COMPLETE YOUR HEALTH ASSESSMENT FROM HOME
Head over to wellwisconsin.staywell.com and create a profile if you haven’t already. Then just follow the steps to complete your health assessment.

COMPLETE YOUR WELL-BEING ACTIVITY FROM HOME
Try one of these well-being activities to complete that part of your incentive without leaving home:

  • Complete the Million Steps Challenge.
  • Connect with a health coach to manage stress and anxiety, get workout ideas and more.
  • Track your wellness goals on the Well Wisconsin dashboard.

Go to the My Incentives tab at wellwisconsin.staywell.com to see a full list of well-being activities.

JOIN US FOR A WELL WISCONSIN RADIO SELF-CARE BOOST Well Wisconsin Self-Care Boost
In the COVID-19 world, everything feels out of our control. How can we gain some perspective on some certainty in our life?

Join Kristi Mulcahey and Morgan Meinen, Well Wisconsin program managers, as they discuss how to reduce your stress in this time.

Click here or on the link below to listen to their conversation.

LISTEN HERE

QUESTIONS? Contact the StayWell HelpLine at 800-821-6591 or wellwisconsin@staywell.com.

*The Well Wisconsin incentive program is a voluntary program available to employees, retirees and spouses enrolled in the State of Wisconsin Group Health Insurance Program, excluding Medicare Advantage participants who have incentives available through their health plan. The Well Wisconsin incentive will automatically be issued to eligible participants upon completing the applicable activities. All wellness incentives paid to participants are considered taxable income to the group health plan subscriber and are reported to their employer, who will issue a W2. In some cases, the Wisconsin Retirement System acts as the employer. Retirees, continuants and their spouses will have some taxes withheld from the incentive amount earned.

465237     Copyright © 2020 The StayWell Company, LLC. StayWell is a registered trademark of The StayWell Company, LLC.

Health Savings Account and Flexible Spending Account Changes

Pre-Tax Savings Accounts – HSA and Health Care FSA Eligible Expense Changes

Eligible expenses for Health Savings Accounts (HSA) and Health Care Flexible Spending Accounts (FSA) were permanently changed by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to allow the following items to be reimbursed pre-tax:

  • Over-the-counter (OTC) drugs and medicines not prescribed by a doctor (aspirin, cough medicine, decongestants, etc.)
  • Menstrual care products (pads, liners, tampons, etc.)

These eligible expense changes are retroactive effective January 1, 2020. ConnectYourCare is working to update their resources and debit card settings to reflect these changes.

  • If you purchase OTC medications and menstrual care products in the near future, you will likely need to submit a reimbursement request. It may take several weeks for ConnectYourCare’s debit card system to be completely updated.
  • Retroactive reimbursement requests must be submitted manually via the member portal or mobile app.

Dependent Day Care Account Elections

The IRS released new guidelines regarding Dependent Day Care Account election changes in response to the COVID-19 outbreak. You may be eligible to increase or decrease your 2020 election if you experience one of the following election change events:

  • Change of daycare provider
  • Cost of care changes (unless care provider is a relative)
  • Need for care changes due to a job change or change of work hours
  • Qualifying life event

You have 30 days from the date of the election change event to submit an Election Change Request Form. Please contact your employer payroll and benefits office for more information on how to request an election change.

Questions?  Please email payrollandbenefits@uwgb.edu

Source: Department of Employee Trust Funds

WRS Webinars Offered in April

ETF is offering a series of 30-minute, live, interactive webinars designed to increase your understanding of Wisconsin Retirement System benefits. Individuals can also ask questions at the end of these sessions. Visit their webinar page to learn more about any of the following sessions.

Beneficiary Designations – What Happens to My Account When I Die?

https://attendee.gotowebinar.com/rt/8342621847052734211

Do you have a beneficiary designation on file with ETF and does it reflect how you’d want your WRS death benefits paid? This webinar reviews the importance of having a beneficiary designation on file and keeping it updated as life events occur. We’ll also review the process of how to correctly complete a designation form, what it means if you do not have one on file with ETF, and how to request a copy of your current form.

  • Fri, Apr 3, 2020 11:00 AM – 11:30 AM
  • Wed, Apr 8, 2020 11:30 AM – 12:00 PM
  • Thu, Apr 23, 2020 12:00 PM – 12:30 PM
  • Mon, Apr 27, 2020 6:00 PM – 6:30 PM

WRS Effective Rates and Annuity Adjustments

https://attendee.gotowebinar.com/rt/7285201721289566467

Do WRS accounts receive an investment return? Do investment returns affect how much a retiree will initially receive when they begin their pension? Do those retired in the WRS receive adjustments to their monthly pension amount over the years?

This webinar will cover the process of how account effective rates and annuity adjustments are calculated, starting with the investment return reported by the State of Wisconsin Investment Board. Also covered during the webinar will be explanations of both the Core and Variable Trust Funds and the calculations specific to each fund for effective rates and annual adjustments. At the end of this webinar, we hope you may have a better understanding of how the State of Wisconsin Investment Board investment returns affect your WRS pension.

  • Fri, Apr 3, 2020 12:30 PM – 1:00 PM
  • Thu, Apr 9, 2020 12:00 PM – 12:30 PM
  • Thu, Apr 23, 2020 6:00 PM – 6:30 PM
  • Wed, Apr 29, 2020 11:30 AM – 12:00 PM

How to Use ETF’s Online Retirement Calculator to Estimate a Retirement Benefit

https://attendee.gotowebinar.com/rt/3830241519823062785

ETF’s online retirement calculator, one of the most-used tools on our website, allows you to calculate an unofficial projection of your WRS retirement benefit at any point in the future. This webinar will cover where to find and how to use the calculator, specific information required for data entry (e.g., desired retirement date, spouse or partner’s birthdate, etc.) and how to interpret the results. There will be time at the end of the webinar to ask specific questions on this topic.

  • Wed, Apr 1, 2020 6:00 PM – 6:30 PM
  • Mon, Apr 6, 2020 11:00 AM – 11:30 AM
  • Thu, Apr 16, 2020 12:30 PM – 1:00 PM
  • Tue, Apr 21, 2020 11:30 AM – 12:00 PM

Preparing for Your Retirement

https://attendee.gotowebinar.com/rt/2062561071726664450

Who should attend? Employees who are planning to retire in the next 1 – 10 years. Learn about your steps to retire with the WRS. Attend this event by live webinar! You will learn about the impact of contributions and investment returns on your account, when you can retire, your WRS annuity options, returning to work after you retire, what happens to your account when you die, health and life insurance, and more.

Questions are welcome during and after the event!

  • Thu, Apr 2, 2020 6:30 PM – 8:30 PM
  • Tue, Apr 14, 2020 1:00 PM – 3:00 PM
  • Wed, Apr 29, 2020 6:30 PM – 8:30 PM
  • Tue, May 12, 2020 6:30 PM – 8:30 PM
  • Thu, May 28, 2020 6:30 PM – 8:30 PM
  • Fri, Jun 12, 2020 9:00 AM – 11:00 AM
  • Thu, Jun 25, 2020 6:30 PM – 8:30 PM

One-on-one Meetings with a TIAA Financial Consultant Available on April 1st

One-on-one meetings with a TIAA Financial Consultant are available via phone on Wednesday, April 1st, but you do need to register ahead of time!

You can register for a meeting with a TIAA financial consultant via phone.  No matter where you are in life—just getting started or planning for retirement—a session with a TIAA financial consultant can help you create a plan for your goals. And, it’s at no additional cost as a part of your retirement plan. You’ll get answers to these questions and more:

  • Am I invested in the right mix of investments to help meet my goals?
  • Am I saving enough to create the retirement income I need?
  • How do I take income from my retirement account once I stop working?

You can register by visiting www.TIAA.org/schedulenow  or calling 800-732-8353, weekdays, 8 a.m. to 8 p.m. (ET).  We look forward to working with you.

This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances. Investment, insurance, and annuity products are not FDIC insured, are not bank guaranteed, are not bank deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. The TIAA group of companies does not offer tax advice. See your tax advisor regarding your particular situation. TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. ©2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

Online Well-Being Resources

We recognize the recent unprecedented events may cause stress and other life challenges for you and your family members and friends. Here are some online well-being resources that may be helpful.

Employee Assistance Program (EAP): We encourage employees to utilize individual providers through your health insurance program and/or UW-Green Bay’s Employee Assistance Program (EAP), which is available for all employees, to include student employees. EAP offers services to support employee well-being and resilience in work and life, including navigating anxieties related to COVID-19.  Online resources about emotional/mental health, work/life challenges, legal/financial circumstances, and monthly webinars are available.

Telemedicine*: This is the remote diagnosis and treatment of patients by means of electronic communication. So, you can access health care through a video chat or a ‘virtual house call.’ Through telemedicine, a doctor may be able to recommend treatment, prescribe medication, refer you to a specialist or tell you, based on your symptoms, if you should see a doctor in-person.  These services vary among insurance carriers, so check your carrier’s website for details.  click on this link to see the health insurance carriers (ex. Dean Prevea 360, Network, WEA Trust-East, etc.), and then click on your carrier’s name.  For example, with WEA Trust-East, this service is called “Amwell” and Dean Prevea 360 has “Virtual Visit.”

Pharmacy Benefits*: Click here for information about the process to get a 90-day supply of prescription medications, or use a the Serve You mail order program.

Wellness*: Use the StayWell website to participate in wellness challenges, make progress towards your Well Wisconsin $150 Incentive, and take advantage of online health coaches and resources such as videos, articles and healthy recipes.  Have you downloaded the StayWell Mobile App yet?  It’s easy and convenient. The “My StayWell” app is available via the App Store or Google Play.

*This information is specific to those who are enrolled in the State of Wisconsin Health Insurance Program.

Questions?  Please contact us at payrollandbenefits@uwgb.edu or (920) 465-2390.