Employer Bulletin
Local Employers
Vol. 16, Local B
March 30, 1999
Update ICI Premiums on May 1999 Report
Local employers offering Income Continuation Insurance (ICI) are
reminded to update payroll records and calculate new ICI monthly
premiums, which were effective March 1, 1999. The premiums are based
on calendar year 1998 Wisconsin Retirement System (WRS) earnings
and the waiting period selected by each employe.
The updated premiums should have been reported on your March 1999
Income Continuation Report (ET-1629), which was due at
the Department of Employe Trust Funds (ETF) on or before Monday,
February 22, 1999. Some employers have already completed the update
to their March 1999 monthly report. If you have not completed this
report due to the anticipation of this bulletin, please complete
the update and include the necessary adjustments for these updates
on your May 1999 report due Tuesday, April 20, 1999.
If you are updating the report at this time, please write "Annual
Review and Update Completed" on the bottom of your May 1999
report to indicate that you have completed this process. The following
instructions may be used to complete your review and update of ICI
premiums. This is also discussed in Section 608 of the Wisconsin
Public Employers ICI Administration Manual (ET-1145, REV 6/95).
- Determine each insured employe's WRS earnings for 1998.
If an employe was newly hired or had an interruption in earnings
of three consecutive months or more, the WRS earnings for 12 months
will be an estimate.
- Verify that you are reporting employes by the correct waiting
period.
- Use the guidelines listed in the Wisconsin Public Employers
ICI Administration Manual (ET-1145, REV 6/95) to calculate
the amount of the monthly premiums for each employe (Chapter 4)
and employer contributions (Chapter 5). The current premium rates
are attached to this bulletin.
Please Note: When an employe has a permanent change
in the percentage of appointment, such as a change from part-time
to full-time employment, premiums must be adjusted at the time the
change occurs.
If an adjustment was not made at the time the change in appointment
occurred, payment of the additional premiums -- or refund of overpaid
premiums -- should be made retroactive to the date of the change
on the May 1999 report due April 20.
If you have any questions, please contact the Employer Communication
Center at (608) 264-7900.
Minimum Employer Contribution Chart
| WRS EARNINGS IN THE
PREVIOUS CALENDAR YEAR |
EQUIVALENT AVERAGE
MONTHLY EARNINGS |
EMPLOYER .375% CONTRIBUTION |
| 0.00 - 5,000.00 |
416.67 |
1.56 |
| 5,000.01 - 6,000.00 |
500.00 |
1.88 |
| 6,000.01 - 7,000.00 |
583.33 |
2.19 |
| 7,000.01 - 8,000.00 |
666.67 |
2.50 |
| 8,000.01 - 9,000.00 |
750.00 |
2.81 |
| 9,000.01 - 10,000.00 |
833.33 |
3.12 |
| 10,000.01 - 11,000.00 |
916.67 |
3.44 |
| 11,000.01 - 12,000.00 |
1,000.00 |
3.75 |
| 12,000.01 - 13,000.00 |
1,083.33 |
4.06 |
| 13,000.01 - 14,000.00 |
1,166.67 |
4.38 |
| 14,000.01 - 15,000.00 |
1,250.00 |
4.69 |
| 15,000.01 - 16,000.00 |
1,333.33 |
5.00 |
| 16,000.01 - 17,000.00 |
1,416.67 |
5.31 |
| 17,000.01 - 18,000.00 |
1,500.00 |
5.63 |
| 18,000.01 - 19,000.00 |
1,583.33 |
5.94 |
| 19,000.01 - 20,000.00 |
1,666.67 |
6.25 |
| 20,000.01 - 21,000.00 |
1,750.00 |
6.56 |
| 21,000.01 - 22,000.00 |
1,833.33 |
6.87 |
| 22,000.01 - 23,000.00 |
1,916.67 |
7.19 |
| 23,000.01 - 24,000.00 |
2,000.00 |
7.50 |
| 24,000.01 - 25,000.00 |
2,083.33 |
7.81 |
| 25,000.01 - 26,000.00 |
2,166.67 |
8.13 |
| 26,000.01 - 27,000.00 |
2,250.00 |
8.44 |
| 27,000.01 - 28,000.00 |
2,333.33 |
8.75 |
| 28,000.01 - 29,000.00 |
2,416.67 |
9.06 |
| 29,000.01 - 30,000.00 |
2,500.00 |
9.38 |
| 30,000.01 - 31,000.00 |
2,583.33 |
9.69 |
| 31,000.01 - 32,000.00 |
2,666.67 |
10.00 |
| 32,000.01 - 33,000.00 |
2,750.00 |
10.31 |
| 33,000.01 - 34,000.00 |
2,833.33 |
10.62 |
| 34,000.01 - 35,000.00 |
2,916.67 |
10.94 |
| 35,000.01 - 36,000.00 |
3,000.00 |
11.25 |
| 36,000.01 - 37,000.00 |
3,083.33 |
11.56 |
| 37,000.01 - 38,000.00 |
3,166.67 |
11.88 |
| 38,000.01 - 39,000.00 |
3,250.00 |
12.19 |
| 39,000.01 - 40,000.00 |
3,333.33 |
12.50 |
| 40,000.01 - 41,000.00 |
3,416.67 |
12.81 |
| 41,000.01 - 42,000.00 |
3,500.00 |
13.13 |
| 42,000.01 - 43,000.00 |
3,583.33 |
13.44 |
| 43,000.01 - 44,000.00 |
3,666.67 |
13.75 |
| 44,000.01 - 45,000.00 |
3,750.00 |
14.06 |
| 45,000.01 - 46,000.00 |
3,833.33 |
14.37 |
| 46,000.01 - 47,000.00 |
3,916.67 |
14.69 |
| 47,000.01 - 48,000.00 |
4,000.00 |
15.00 |
| 48,000.01 - 49,000.00 |
4,083.33 |
15.31 |
| 49,000.01 - 50,000.00 |
4,166.67 |
15.63 |
| 50,000.01 - 51,000.00 |
4,250.00 |
15.94 |
| 51,000.01 - 52,000.00 |
4,333.33 |
16.25 |
| 52,000.01 - 53,000.00 |
4,416.67 |
16.56 |
| 53,000.01 - 54,000.00 |
4,500.00 |
16.88 |
| 54,000.01 - 55,000.00 |
4,583.33 |
17.19 |
| Over 55,000.00 |
4,615.38 |
17.31 |
Monthly Premium Rates - Employe Contributions
| |
WAITING (Elimination) PERIOD
(in calendar days) |
WRS EARNINGS IN THE
PREVIOUS CALENDAR YEAR |
EQUIVALENT AVERAGE
MONTHLY EARNINGS |
30
DAYS |
60
DAYS |
90
DAYS |
120
DAYS |
180
DAYS |
| 0.00 - 5,000.00 |
416.67 |
3.13 |
2.19 |
1.56 |
0.94 |
0.00 |
| 5,000.01 - 6,000.00 |
500.00 |
3.75 |
2.63 |
1.88 |
1.13 |
0.00 |
| 6,000.01 - 7,000.00 |
583.33 |
4.37 |
3.06 |
2.19 |
1.31 |
0.00 |
| 7,000.01 - 8,000.00 |
666.67 |
5.00 |
3.50 |
2.50 |
1.50 |
0.00 |
| 8,000.01 - 9,000.00 |
750.00 |
5.63 |
3.94 |
2.81 |
1.69 |
0.00 |
| 9,000.01 - 10,000.00 |
833.33 |
6.25 |
4.37 |
3.12 |
1.87 |
0.00 |
| 10,000.01 - 11,000.00 |
916.67 |
6.88 |
4.81 |
3.44 |
2.06 |
0.00 |
| 11,000.01 - 12,000.00 |
1,000.00 |
7.50 |
5.25 |
3.75 |
2.25 |
0.00 |
| 12,000.01 - 13,000.00 |
1,083.33 |
8.12 |
5.69 |
4.06 |
2.44 |
0.00 |
| 13,000.01 - 14,000.00 |
1,166.67 |
8.75 |
6.13 |
4.38 |
2.63 |
0.00 |
| 14,000.01 - 15,000.00 |
1,250.00 |
9.38 |
6.56 |
4.69 |
2.81 |
0.00 |
| 15,000.01 - 16,000.00 |
1,333.33 |
10.00 |
7.00 |
5.00 |
3.00 |
0.00 |
| 16,000.01 - 17,000.00 |
1,416.67 |
10.63 |
7.44 |
5.31 |
3.19 |
0.00 |
| 17,000.01 - 18,000.00 |
1,500.00 |
11.25 |
7.88 |
5.63 |
3.38 |
0.00 |
| 18,000.01 - 19,000.00 |
1,583.33 |
11.87 |
8.31 |
5.94 |
3.56 |
0.00 |
| 19,000.01 - 20,000.00 |
1,666.67 |
12.50 |
8.75 |
6.25 |
3.75 |
0.00 |
| 20,000.01 - 21,000.00 |
1,750.00 |
13.13 |
9.19 |
6.56 |
3.94 |
0.00 |
| 21,000.01 - 22,000.00 |
1,833.33 |
13.75 |
9.62 |
6.87 |
4.12 |
0.00 |
| 22,000.01 - 23,000.00 |
1,916.67 |
14.38 |
10.06 |
7.19 |
4.31 |
0.00 |
| 23,000.01 - 24,000.00 |
2,000.00 |
15.00 |
10.50 |
7.50 |
4.50 |
0.00 |
| 24,000.01 - 25,000.00 |
2,083.33 |
15.62 |
10.94 |
7.81 |
4.69 |
0.00 |
| 25,000.01 - 26,000.00 |
2,166.67 |
16.25 |
11.38 |
8.13 |
4.88 |
0.00 |
| 26,000.01 - 27,000.00 |
2,250.00 |
16.88 |
11.81 |
8.44 |
5.06 |
0.00 |
| 27,000.01 - 28,000.00 |
2,333.33 |
17.50 |
12.25 |
8.75 |
5.25 |
0.00 |
| 28,000.01 - 29,000.00 |
2,416.67 |
18.13 |
12.69 |
9.06 |
5.44 |
0.00 |
| 29,000.01 - 30,000.00 |
2,500.00 |
18.75 |
13.13 |
9.38 |
5.63 |
0.00 |
| 30,000.01 - 31,000.00 |
2,583.33 |
19.37 |
13.56 |
9.69 |
5.81 |
0.00 |
| 31,000.01 - 32,000.00 |
2,666.67 |
20.00 |
14.00 |
10.00 |
6.00 |
0.00 |
| 32,000.01 - 33,000.00 |
2,750.00 |
20.63 |
14.44 |
10.31 |
6.19 |
0.00 |
| 33,000.01 - 34,000.00 |
2,833.33 |
21.25 |
14.87 |
10.62 |
6.37 |
0.00 |
| 34,000.01 - 35,000.00 |
2,916.67 |
21.88 |
15.31 |
10.94 |
6.56 |
0.00 |
| 35,000.01 - 36,000.00 |
3,000.00 |
22.50 |
15.75 |
11.25 |
6.75 |
0.00 |
| 36,000.01 - 37,000.00 |
3,083.33 |
23.12 |
16.19 |
11.56 |
6.94 |
0.00 |
| 37,000.01 - 38,000.00 |
3,166.67 |
23.75 |
16.63 |
11.88 |
7.13 |
0.00 |
| 38,000.01 - 39,000.00 |
3,250.00 |
24.38 |
17.06 |
12.19 |
7.31 |
0.00 |
| 39,000.01 - 40,000.00 |
3,333.33 |
25.00 |
17.50 |
12.50 |
7.50 |
0.00 |
| 40,000.01 - 41,000.00 |
3,416.67 |
25.63 |
17.94 |
12.81 |
7.69 |
0.00 |
| 41,000.01 - 42,000.00 |
3,500.00 |
26.25 |
18.38 |
13.13 |
7.88 |
0.00 |
| 42,000.01 - 43,000.00 |
3,583.33 |
26.87 |
18.81 |
13.44 |
8.06 |
0.00 |
| 43,000.01 - 44,000.00 |
3,666.67 |
27.50 |
19.25 |
13.75 |
8.25 |
0.00 |
| 44,000.01 - 45,000.00 |
3,750.00 |
28.13 |
19.69 |
14.06 |
8.44 |
0.00 |
| 45,000.01 - 46,000.00 |
3,833.33 |
28.75 |
20.12 |
14.37 |
8.62 |
0.00 |
| 46,000.01 - 47,000.00 |
3,916.67 |
29.38 |
20.56 |
14.69 |
8.81 |
0.00 |
| 47,000.01 - 48,000.00 |
4,000.00 |
30.00 |
21.00 |
15.00 |
9.00 |
0.00 |
| 48,000.01 - 49,000.00 |
4,083.33 |
30.62 |
21.44 |
15.31 |
9.19 |
0.00 |
| 49,000.01 - 50,000.00 |
4,166.67 |
31.25 |
21.88 |
15.63 |
9.38 |
0.00 |
| 50,000.01 - 51,000.00 |
4,250.00 |
31.88 |
22.31 |
15.94 |
9.56 |
0.00 |
| 51,000.01 - 52,000.00 |
4,333.33 |
32.50 |
22.75 |
16.25 |
9.75 |
0.00 |
| 52,000.01 - 53,000.00 |
4,416.67 |
33.13 |
23.19 |
16.56 |
9.94 |
0.00 |
| 53,000.01 - 54,000.00 |
4,500.00 |
33.75 |
23.63 |
16.88 |
10.13 |
0.00 |
| 54,000.01 - 55,000.00 |
4,583.33 |
34.37 |
24.06 |
17.19 |
10.31 |
0.00 |
| Over 55,000.00 |
4,615.38 |
34.62 |
24.23 |
17.31 |
10.38 |
0.00 |
|
