This report presents the results of the annual actuarial valuation of benefit liabilities and costs of the State Income Continuation Insurance Plan as of December 31, 2015.
Report
Active Employee /
Board Member /
State Employer
This report presents the results of the annual actuarial valuation of benefit liabilities and costs of the State Income Continuation Insurance Plan as of December 31, 2016.
Audited schedules as of, and for the year ended, December 31, 2021 are now available for state and local employers participating in the WRS and Group Life Insurance Program, and state employers participating in the SHICC Program.
Audited schedules as of, and for the year ended, December 31, 2020 are now available for state and local employers participating in the WRS and group life insurance program, and state employers participating in the SHICC Program.
Audited schedules as of, and for the year ended, December 31, 2023 are now available for state and local employers participating in the WRS, state and local employers participating in the Group Life Insurance Program, and state employers participating in the SHICC Program.
The program offers term life insurance coverage up to 5 times an employee's yearly pay for State of Wisconsin employees and local government employees whose employer offers the plan. Employees may also insure their spouses and dependent children.
The Group Insurance Board moved forward with the 5% increase to the employee premium rates effective April 1, 2023. For rates effective April 1, 2023 - March 31, 2024, please see Group Life Insurance Plan Monthly Rates (ET-2164).