The Department of Employee Trust Funds has announced the annual Annuity Adjustment Rates effective May 1, 2010 for retired members of the Wisconsin Retirement System. Please see the press release for details: http://www.etf.wi.gov/news/pr_20100309.pdf. Please e-mail firstname.lastname@example.org or call 465-2390 if you have any questions.
The last UW-Green Bay fixed furlough day for the 2009-10 fiscal year is Friday, May 28, 2010.
The UW-Green Bay fixed furlough days for the 2010-2011 fiscal year will be:
Friday, November 26, 2010
Monday, December 27, 2010
Friday, January 14, 2011
Friday, May 27, 2011
Please see the Furlough Information page on the Human Resources website for details. Please refer to your e-mailed earning statement to determine your remaining FTO. The remaining FTO hours listed on your earning statement includes the mandatory fixed furlough day on Friday, May 28, 2010. Employees who are unable to take this mandatory furlough day will need to select an alternative date. If your pay is reduced only as the FTO is taken, your furlough days must be taken in the 2009-10 fiscal year. Classified staff members must use FTO for the 2009-10 fiscal year by June 19, 2010. Unclassified staff members must use FTO for the 2009-10 fiscal year by June 30, 2010. Generally, the maximum number of FTO hours that can be taken in one week is eight, so it will be helpful to plan ahead. Please contact Human Resources at email@example.com or ext. 2390 if you have questions.
The Department of Employee Trust Funds (ETF) is offering Wisconsin Retirement System (WRS) presentations to help employees better understand the WRS and related benefits. For details, please see their presentation schedule.
The Department of Employee Trust Funds (ETF) has announced the interest rates credited to the retirement accounts of employed Wisconsin Retirement System (WRS) members and eligible inactive members. For 2009, the core fund effective rate is 4.2% and the variable fund effective rate is 33%. Please see the ETF announcement for details.
As announced in the LOG on February 10th, the UW System’s Human Resource System (HRS) project is well underway, and you will be hearing more about the new HRS in the coming months. The current system has been in place since approximately 1975, and the system’s operational lifetime is nearing its end. HRS is a new integrated system for all human resources, benefits and payroll operations across all University of Wisconsin campuses. This modern system will help us standardize business practices, improve service to our employees, and ensure higher levels of data integrity in all our business practices and external reporting. It will consolidate hundreds of redundant campus systems into a single, reliable system, and provide employees with direct access to their own payroll and benefits information. The new system will also provide greater security for sensitive personal data such as social security numbers. For more information regarding HRS, please see the Human Resources website.
The Office of Human Resources would like to announce that we have redesigned our website! We hope that you find the new website easier to use. The HR home page now includes useful quick links, as well as news and announcements. We have added a “search” feature to quickly find information on the HR website, improved our payroll and benefits pages so you can find what you are looking for with a quick overview, and condensed our long list of forms. You can see how the new website is laid out by viewing the site map (http://www.uwgb.edu/hr/sitemap.html). Thank you to Elisa Dowd, Sue Miller, Amy Plotner, and Jon Simonsen for their time and effort to make the HR website better for you!
ETF created a new website where they placed all of their most recent resources relative to investment returns and helping people determine when to retire: http://www.etf.wi.gov/news/ht_20091021.htm. They also released a statement regarding the most recent investment returns and core interest rate projections: http://www.etf.wi.gov/news/2009_annuity_adjustment_projections.pdf.
Please also review UWSA’s “Impact of Current Market Conditions on Your WRS Account” website for additional information: http://www.uwsa.edu/hr/benefits/retsav/wrsdownturn.html.
Want to know more about how the market is affecting your retirement benefit. Here is a link to information provided by the Department of Employee Trust Fund and UW Systems.