In June the Joint Committee on Finance took action on the Department of Employee Trust Funds part of the 2017-2019 executive state budget, a proposal of how the state should manage expenses for the next two years. The budget bills, 2017 Assembly Bill 64 and 2017 Senate Bill 30, are currently before JCF and are delayed past the July 1 start of the fiscal biennium.
Jason Rector, a State of Wisconsin Investment Board analyst, has no problem working behind the scenes for Wisconsin Retirement System members — but that doesn't mean the work he is doing goes unnoticed.
Employees and their spouses/domestic partners enrolled in the State of Wisconsin or Wisconsin Public Employers Group Health Insurance Programs still have time to earn the $150 Well Wisconsin incentive through StayWell. The deadline to earn the 2017 incentive is October 20, 2017. Use StayWell's secure wellness portal to earn your incentive and access tools and resources that support you in achieving your health goals.
Health plans participating in the State of Wisconsin Group Health Insurance Program will have a 0% premium increase next year, as approved by the Group Insurance Board (Board) today. Local government employees and retirees who participate in the program will have an overall 3.3% premium increase.
At its regularly scheduled meeting on May 24, the Group Insurance Board (Board) approved issuing a notice of intent to award a contract to Navitus Health Solutions (Navitus) as the pharmacy benefits manager for the State of Wisconsin Group Health Insurance Program, starting January 1, 2018. Navitus is the current PBM under a contract that expires in December.
Today the Group Insurance Board (Board) and the state Division of Personnel Management submitted signed contracts for self-insuring the state’s group health insurance program to the Joint Committee on Finance (JCF) for approval. The contracts are for self-insured administrative services beginning in 2018. (See letter to JCF.)
Organizations that offer a defined benefit plan, like the WRS, have a significant advantage in attracting and retaining qualified employees, according to human capital and benefits consultant Willis Towers Watson. More than 620,000 individuals participate in the WRS, as either a current state and local government employee, former employee, retiree or beneficiary. Find out why the WRS is strong for Wisconsin.