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.
UWGB Benefits/Wellness Fair
The annual UWGB Benefits/Wellness Fair will be held on Tuesday, October 6th at Noon to 3:00 p.m. in the Phoenix Rooms in the University Union. This fair will provide you with the opportunity to learn more information about your benefits. Representatives from Arise Health Plan, Social Security, Network Health, Humana, Wisconsin Deferred Compensation, and many more vendors will be on hand to talk with you. Refreshments will be served and door prizes will be given out. Bellin Health will provide blood pressure and blood sugar checks and Advantage Chiropractic of Green Bay will have a massage table set up. In addition, Terry Lauber, from UW System will be conducting a TSA presentation in the Alumni Rooms from 10:00 A.M. to 11:00 A.M. We hope to see you there!
It’s Your Choice Enrollment Period October 5 – October 23, 2009
Insured employees may elect to:
- Change health plans
- Change from single to family coverage without restrictions.
Enrollment Opportunities for the following is October 5 – November 13, 2009
- Employee Reimbursement Accounts Plan
- Dental Insurance
- VSP Vision
- UW Employee Inc Life Insurance