Category: Payroll & Benefits
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Review/Update Your Address and Personal Information
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Please review and update your personal information, including address and payroll information, periodically to make sure all information is accurate. A current address is important so that the Universities of Wisconsin may contact you if needed. Your address is also used to mail important tax documents in 2024 unless you have consented to electronic distribution…
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University Staff: Reminder to Use Paid Leave Before Year-End
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University Staff employees are encouraged to plan ahead and schedule paid leave now to avoid losing hours that are not eligible for carry over into 2024. Personal, Legal and Floating Legal Holidays – Use by December 31, 2023 Personal, Legal, and Floating Legal Holidays granted for 2023 must be used by December 31, 2023, or…
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Reminder on Deadlines for Submitting Your Flexible Spending Account (FSA) Claims
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If you have a Flexible Spending Account (FSA), make sure you meet the deadlines to incur and submit eligible expenses. To be reimbursed from your 2023 Health Care FSA, you must incur eligible expenses by December 31, 2023. Then, submit and substantiate your expenses by March 31, 2024. An FSA allows you to be reimbursed for certain…
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Retirement Plan Contribution Limits Increase in 2024
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Universities of Wisconsin employees will be able to contribute more to their retirement plans in 2024. The IRS recently announced an increase in the 2024 retirement plan contribution limits. The limits apply to the UW 403(b) Supplemental Retirement Program (SRP) and the Wisconsin Deferred Compensation (WDC) 457 Program. Contribution Limit Increase In 2024, employees may…
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Annual Benefits Enrollment Presentations
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The 2024 Annual Benefits Enrollment (ABE) period is September 25 – October 20, 2023. This is your annual opportunity to enroll in or make changes to most of your benefits. Changes made during ABE are effective January 1, 2024. Plan now so you are ready for the enrollment period. UW System Human Resources is hosting…
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Deadlines to Use Floating Legal Holidays
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This year, Sunday, December 24, 2023 (Christmas Eve) and Sunday, December 31, 2023 (New Year’s Eve) are floating legal holidays which eligible employees must use by the deadline. A floating legal holiday occurs when a legal holiday falls on a Sunday, and the following Monday is also a legal holiday. The Sunday legal holiday will…
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Annual Benefits Enrollment: 2024 State Group Health Insurance Premiums
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The State Group Health Insurance premiums will be increasing in 2024. The annual medical deductible for the High Deductible Health Plan (HDHP) and Access HDHP have increased to comply with federal requirements: Individual: increased to $1,600 Family: increased to $3,200 Premium changes will be effective January 1, 2024. More information pertaining to the State Group…
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2024 Benefits Highlights
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The Annual Benefits Enrollment (ABE) period is September 25 – October 20, 2023. This is your opportunity to enroll in or change your benefits and/or dependents for the upcoming calendar year. Changes made during ABE are effective January 1, 2024. Below are the highlights for 2024. State Group Health Insurance The plan designs (health plan and high…