UNIVERSITY OF WISCONSIN River Falls
Long-Term Care Insurance
Mutual of Omaha is now offering a new long term care insurance (LTCi) plan, called MutualCare Custom Solution. This is a voluntary, employee-pay-all plan. It is the only LTCi plan currently available for enrollment. Employees and annuitants who previously purchased a United of Omaha (through HealthChoice) or John Hancock (through Senior Care) long term care insurance plan are unaffected and may keep their LTCi coverage. Select HERE for more information.
University Personnel Systems (UPS) - On April 23, 2014 University of Wisconsin System received approval to begin implementation of new personnel systems for UW System and UW-Madison. These systems are required by legislation, implementation was originally scheduled for 2013, but later delayed until July 1, 2015. Read the full release here.
History: Two personnel systems were mandated in the 2011-13 biennial budget; one system for UW-Madison and one for the balance of the UW System. Both systems address staffing, compensation, training, performance management, diversity and legal compliance. Click here to read the UPS Project Team recommendations.
The UPS Task Force has provided information regarding development by UWSA of a website intended to provide regular updates on development, a list of frequently asked questions, and UPS committee notes and membership and feedback is now available. This website is at http://web.uwsa.edu/personnelsystems/. The link to the UPS website will also be listed at the My UW System portal for employee access.
Tax-Sheltered Annuity 403b - The UW Tax-Sheltered Annuity (TSA) 403b plan has announced that there will be no administrative fee to participate in the TSA plan for 2014.
The UW TSA 403(b) Plan provides a low-cost way to save for retirement. All funds are no-load: there are no sales commissions or broker fees. There is no University fee. The UW TSA companies have no annual fees. Participants have access to funds with special low-cost share classes like Fidelity K Shares and TIAA-CREF Institutional share classes. For more information regarding the TSA plan visit the UWSA TSA website at: http://www.uwsa.edu/ohrwd/benefits/ret/tsa/.