The Group Insurance Board yesterday received an update on preliminary rate setting for the Group Health Insurance Program, amid rising health benefit costs. The Board also voted against offering a new pharmacy cost-savings program in 2024 and addressed other business.
Effective February 1, 2024, the ICI Program will consolidate its standard and supplemental coverage levels into a single level of coverage for earnings up to $120,000.
ET-8934
Active Employee /
Retiree /
Local Employer /
State Employer
All employers that wish to take part in the Wisconsin Retirement System must join and be covered by a Section 218 Agreement, which is an agreement between the state and the Social Security Administration (SSA) to provide Social Security coverage for state and local government employees.
The Group Insurance Board today discussed initiatives that would support program affordability for members, program innovation, and the overall sustainability of the State of Wisconsin Group Health Insurance Program. The Board also approved the release of several requests for proposal.
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, 2007.
Report
Active Employee /
Retiree /
Other Benefit Recipient /
Board Member /
Local Employer /
State Employer
State and local government retirement systems have significant oversight and disclosure requirements, some of which are being considerably modified. Ten key takeaways regarding existing disclosures, notable changes, and their effects.
ETF has published its Annual Comprehensive Financial Report for 2021. This report provides information about the WRS and other benefit programs administered by ETF, including the related financial statements and independent auditor’s report.