Working at UW Hospital and Clinics - Retirement and Savings
Madison, WI 53705
Wisconsin Retirement Plan
All new full-time and part-time UW Hospital and Clinics employees appointed to work 58 percent or more are enrolled in the Wisconsin Retirement System on their first day of work. Employees hired prior to July 1, 2011 appointed to work 50 percent or more remain eligible for the Wisconsin Retirement System. All employees, with the exception of those represented by WSEU, contribute a portion of their annual income, along with an amount invested by UW Hospital and Clinics, to this robust pension plan. For WSEU-represented employees, UW Hospital and Clinics invests an amount equal to approximately 14 percent of their annual income and pays for all administrative fees.
Supplemental Retirement Plans
UW Hospital and Clinics employees who desire to save more for their retirement can chose to contribute pre-tax earnings to tax-deferred 403(b) and 457 retirement plans.
College Savings Plan
UW Hospital and Clinics employees have the option to enroll in EdVest, the state-sponsored Section 529 college savings program. There are a variety of market-based investment options. Employees can select a portfolio based on their personal risk tolerance or the length of time until their children start college.