Category: Payroll & Benefits

Furlough Reporting and Leave Reports for Unclassified Staff

YEAR END FURLOUGH REPORTING

 12-Month Unclassified Staff

* Required 2009-10 furlough time off (FTO) must be taken and reported no later than June 30, 2010.  In order to have the salary reduction in the 2009-10 fiscal year, FTO must be entered in the payroll system before June 23, 2010.

* June Furlough Time reports will need to be completed and returned to Payroll by June 14, 2010 to meet the June 23, 2010 deadline.

* For those whose pay is reduced as FTO is used, both the May and June FTO will be deducted on the paycheck payable July 1, 2010.

* One mandatory furlough day remaining for the 2009-10 fiscal year – Friday, May, 28, 2010

9-Month Unclassified Staff

* Earned 2009-10 furlough time off (FTO) must be taken and reported no later than May 23, 2010.  In order to have the salary reduction in the 2009-10 fiscal year, FTO must be entered in the payroll system before May 25, 2010.

* May FTO will need to be reported on your May Leave Report and returned to Payroll by May 14, 2010 to meet the May 25, 2010 deadline.

DISTRIBUTION OF FUTURE LEAVE REPORTS FOR UNCLASSIFIED STAFF

The distribution of leave reports will be modified so they are in sequence with the furlough reports.  As a result, on April 29, 2010, unclassified staff will receive their April and May Leave Reports.   Thereafter, for 12 month unclassified staff, the distribution for both the leave and furlough reports will be for the same month.

Please visit our furlough information page or contact Human Resources if you have any questions.

Socially Responsible Investing Video Conference

presented by Scott J. Budde, TIAA-CREF

Find out about Socially Responsible Investing via interactive video.  This is a great opportunity to learn about SRI from an expert – someone who actually manages these funds.  It is free and open to all UW employees and their families.  (Feel free to bring a bag lunch!)

When:             Thursday, May 6, 2010 at 11:00 a.m. to Noon

Where:           Instructional Services, Room 1034

The presentation will focus on understanding the three main Socially Responsible Investing strategies of Social Screening, Community or Pro-Active Investing, and Corporate Governance.  Investors can get both competitive investment returns and positive impact at the same time.

Mr. Budde is the author of Compelling Returns: A Practical Guide to Socially Responsible Investing Strategies published by Wiley and Sons of New York City.  As Managing Director of the Asset Management Division, Mr. Budde heads TIAA-CREF’s Global Social and Community Investing Department which is responsible for the organization’s community investing programs and overseeing its socially screened funds.

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.

Preparing for Retirement Presentation

by Humana Insurance 

 
You are invited to bring a bag lunch and learn about preparing for retirement.  Larry Moldenhauer and Bill Cooper from Humana Insurance will present information on following topics:

·         Prescription drug plan options
·         What insurance options the market offers
·         Explanation of retirement-related terminology
·         Medicare

Larry and Bill will also be available for one-on-one questions after their presentation.

When:             Monday, April 26, 2010, Noon – 1:00 pm

Where:           Phoenix Room B, University Union                    

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.

Wisconsin Deferred Compensation (WDC) On-Site Counseling Sessions

Get an overview of the Wisconsin Deferred Compensation (WDC) Program, and learn about the benefits of the WDC, including:

* The power of before-tax investing

* Investing during these tough times

* Program features and benefits, including a suite of investment advisory services

* Distribution options

* How to enroll

Our WDC representative will be here to conduct one-on-one appointments with employees to review the WDC.

Whether you are already taking advantage of the investment program or would like more information on beginning your investment, you are encouraged to schedule an appointment.

When:    March 31, 2010, 8:00 am – 4:00 pm

Where:  Manistique Room, University Union                   

To schedule an individual appointment, call the Wisconsin Deferred Compensation office in Madison at 608-241-6604 or 877-457-9327 option 2. 

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.

Long Term Care Insurance Options

New Insurance Protection for Employees, Annuitants and their Family Members is now available.  Please see the information below regarding United of Omaha Long Term Care insurance policies that were approved by the State of Wisconsin Group Insurance Board.

United of Omaha Life Insurance Company is now offering two new plans; CASH-First and Assured Solutions Gold policies to eligible State and University of Wisconsin Employees, Annuitants, and their family members. These voluntary purchase long-term care insurance policies are offered at a group-discounted premium.

Long-term care insurance is designed to help protect against the high costs of long-term care if you or a family member can no longer perform activities of daily living without the need of assistance. Medicare and most health insurance will not pay for these services. For many, long-term care insurance is an important part of planning for their long-term financial security. Please consider whether the CASH-First or Assured Solutions Gold policies are right for you and/or your parents. (Spouse, parents and in-laws are all eligible to apply, even if you don’t).

The CASH-First and Assured Solutions Gold policies offer additional built-in benefits that include:

  • CASH-First benefits can be used any way you choose – you simply receive the full monthly cash benefit you select to pay for anything at all… family travel expenses, lost income, housekeeping services or other out-of-pocket expenses – there’s no need to collect or submit bills.
  • CASH-First provides cash beginning with the first day of need – no elimination period to satisfy.
  • Waiver of Premium – No premiums are due while you are receiving CASH-First or reimbursement benefits for home health care, assisted living or nursing home care.
  • Many other additional benefits and features listed in the information packet.

HealthChoice also offers CareOptions OnLine (COOL.net) services that are currently available to those who purchase an insurance plan through HealthChoice.

The CareOptions OnLine Program can assist you or family members with issues related to wellness, illness, disability, or aging. As an additional convenience, the CareOptions OnLine service can help you and your family members create Living Wills (advance directives for health care) as well as allow you to conduct online care provider searches and medical information research seven days a week, 24 hours a day.

To receive a complete information packet regarding your long-term care insurance options and the new CareOptions OnLine resources, click here to request an information packet. You may also call HealthChoice toll-free at 1-800-833-5823 or in the Madison area at 833-5823 or email info@healthchoice.com . Direct information link; click or paste in your web browsers address line: http://www.healthchoice.com/reply1

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.

Dreyfus On-Site Counseling Sessions

If you haven’t had a recent review of your investment portfolio or taken full advantage of your ability to invest in a 403(b)(7) plan, you owe it to yourself to know the effect this may have on your financial security.  Dreyfus can review your existing portfolio and individual situation — including investment goals, time horizon and tolerance for risk — to help ensure that your plan assets are allocated properly to meet your retirement needs.  Learn more by attending a Dreyfus 403(b)(7) information session (this is a one-on-one meeting with a Dreyfus representative).

One on-One Portfolio Review

When:    April 19, 2010, 1pm-5pm

Where:  Manistique Room, University Union

To schedule a one-on-one portfolio review, please contact:  retirement@dreyfus.com

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.

TIAA-CREF On-Site Counseling Sessions

This is an opportunity for you to discuss your personal financial situation with a TIAA-CREF consultant on a confidential basis in an individual counseling session. They will be available to discuss how to help you achieve your financial goals by investing in financial solutions such as mutual funds, brokerage, life insurance and annuities.

This Individual Counseling Session will help you simplify your retirement by:

* Providing objective advice and asset allocation based on your individual needs

* Showing you how you can obtain a personalized actionable plan

* Recommending fund selections to keep you on track to and through retirement

* Reviewing your retirement income options

Dates Times Location
Mon, Mar 29, 2010 9:00 a.m. – 4:00 p.m. MAC Hall – Vista Room
Tue, Mar 30, 2010 9:00 a.m. – 4:00 p.m. MAC Hall – Vista Room

SIGN UP TODAY:

To discuss your plan and options for managing your retirement savings or to schedule an appointment with a TIAA-CREF Individual Consultant, please call (800)732-8353, Monday through Friday, from 9:00 a.m. to 8:00 p.m. (ET).

Please e-mail benefits@uwgb.edu or call 465-2390 if you have any questions.