Category: Fiscal Wellness

FIDELITY INVESTMENTS INDIVIDUAL COUNSELING SESSIONS

Fidelity Investments is offering individual and confidential counseling sessions where you can discuss your financial situation with a Fidelity consultant.  Consultations are meant for participants to review their current retirement plan, investment strategy, or discuss ways in which Fidelity can help along the road to retirement.

When:  Tuesday, October 4, 2011 9:00am-11am, 2pm-5pm

Where:  Mary Ann Cofrin Hall (MAC) 201

To schedule a confidential consultation with your Fidelity Investments representative, Andrias Campbell, call 1-800-642-7131 or go to www.fidelity.com.

Please contact Human Resources at hr@uwgb.edu or ext. 2390 with questions.

Now that the Budget Repair Bill (Act 10) has been upheld by the Wisconsin Supreme Court and is in effect, the Budget Repair Bill FAQ has been updated to include clarification on health insurance and WRS contribution effective dates.  Information regarding changing or cancellation of various benefit plans is also included in this FAQ.

The effective dates for the additional payroll deductions are as follows:

* Classified (or others paid bi-weekly):  August 25, 2011 paycheck

* Unclassified (12 month):  September 1, 2011 paycheck

* Unclassified (9 month):  September 30, 2011 paycheck

Academic year (9 month) employees who had multiple health insurance deductions taken from the June 1 paycheck will have an adjustment made to reflect the amount that should have been paid for the payroll month of August (for September coverage).  More specific information will be made available at a later date about this additional deduction.

Also attached to the Budget Repair Bill FAQ is a letter that was recently sent to all agency heads from Cynthia Archer, Department of Administration Deputy Secretary, regarding the status of the Supplemental Health Insurance Conversion Credit (SHICC) program.  The letter states that there are no provisions in Act 10 that would impact SHICC benefits and at this point there are no provisions in the 2011-13 biennial budget that would impact SHICC benefits.

Weblinks:

* Budget Repair Bill FAQ:   http://www.wisconsin.edu/hr/benefits/repairbillfaq.pdf

* High level two page summary of the impact of the legislation:  http://www.wisconsin.edu/hr/benefits/budgetsummary.pdf

* Main resource page on the budget is available at:  http://www.wisconsin.edu/hr/benefits/budgetbill.htm

We will continue to provide you with updated information as it becomes available.  Please contact Human Resources at hr@uwgb.edu or ext. 2390 with questions.

T. Rowe Price last presented the webinar “Retirement Investing from Beginning to End” on April 13 and 14, 2011.  It is now recorded!  Please click on the following link for additional information: http://www.uwsa.edu/hr/benefits/retsav/trpwebinar.htm.

Please contact Human Resources at hr@uwgb.edu or ext. 2390 with questions.

NOTICE TO ALL WISCONSIN RETIREMENT SYSTEM (WRS) EMPLOYEES

The 2011 UW Staff Benefit Statement AND the 2010 ETF Annual Statement of Benefits (WRS) Issued 2011 are now available in your My UW System Portal.   You will find them in the bottom section titled “Benefit Information” on the Statements tab.

You will find a link to the Explanation document for both Statements located in the same section on your Portal.   Both statements are issued every April and provide an overview of your WRS account and your benefit plan enrollments, level of coverage, projected annual deduction costs, and the projected annual UW Contribution.  Both the (current) employee and the UW contribution amounts are projected for the calendar year and are based on the assumption that your salary and benefit costs remain the same for the remainder of the year.  The benefit statement basically reflects the traditional benefit plans.

Please contact Human Resources at hr@uwgb.edu or ext. 2390 with questions.

To help with the upcoming changes to our personal finances, employees are invited to attend a personal budget planning presentation.  Ken Knauf, Lecturer in Finance, Accounting, and Statistics for the Austin E. Cofrin School of Business at UW-Green Bay, will be presenting “Making Your Own Personal Budget.”  Ken is a licensed C.P.A. and has been teaching for over 20 years.  Please mark your calendar to attend one of his insightful presentations:

Tuesday, April 5^th

1:00 to 2:00 p.m.

Phoenix Room B

Thursday, April 7^th

1:00 to 2:00 p.m.

Phoenix Room B

If you would like to attend, please R.S.V.P. to hr@uwgb.edu by Monday, April 4^th and include which day you will be attending.  Please contact Human Resources at hr@uwgb.edu or ext. 2390 with questions.