The Group Insurance Board has approved the Wisconsin Public Employer Group Life Insurance premium rates for local employees. Claims experience has been stable, resulting in no change to local employee premium rates for 2023.
ETF recently hosted its annual open enrollment kickoff meeting virtually for state and local employers for plan year 2022. Recordings of these events are now available.
ETF has released the Wisconsin Retirement System Annual Comprehensive Financial Report for the year ended December 31, 2021. The WRS paid approximately $6.4 billion in benefits in 2021. The WRS funding ratio calculated in accordance with accounting standards was approximately 106% as of December 31, 2021. Sound funding and plan design principles continue to keep the WRS financially strong.
In February Governor Evers released the 2023-2025 executive state budget, a proposal for how the state should manage expenses for the next two years. The proposed budget contains a few changes that affect the benefit programs administered by ETF.
The State Agency Health Insurance Administration Manual (ET-1118) has been revised as of December 2021. The revision date of each chapter is indicated next to the title of each chapter. Please disregard any previous versions of this manual.
Directions for employers to report their annual reconciliation through the Account Update Application by manually entering an annual transaction for every WRS-eligible employee at your employer.
Promote upcoming Well Wisconsin webinars, seize the ZZZZ challenge, and snowshoeing workshops. Catch up on other ways Well Wisconsin is here to support employers with their employee well-being efforts.
September Well Wisconsin resources are now available for employers participating in the Group Health Insurance Program. Get information on participant communications coming soon from WebMD and the upcoming October 8 incentive deadline. Access the new employer-sponsored activity toolkit and share with your employees.