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.
The Basic group life insurance plan became available to state employees in 1958 and to local government employees in 1960. Spouse & Dependent, Supplemental and Additional coverage is also available.
Have you heard about the Wisconsin Public Employers (WPE) Income Continuation Insurance Program? This program is authorized by the Group Insurance Board and available to local employers participating in the Wisconsin Retirement System.
The ICI plan provides replacement income for disabilities which are considered short term in nature as well as those which may last for extended periods.
A tool for an employer to confirm information was presented to a new employee, due dates identified and appropriate information and forms supplied for all ETF-administered benefits offered by the employer.
A UC Berkeley study found that Wisconsin retirees with pension income are less likely to experience economic hardships, with public pensions significantly narrowing the racial, gender, and education wealth gap among older families compared to private pensions.
If you are a local public employer in Wisconsin not currently participating in the Wisconsin Retirement System, this brochure includes information to help you understand the WRS.
