For specific information about retirement options at Madison College, please review your handbook or contract. Those who plan to retire may download the Early Retiree Benefits Packet which includes the following:
Full-Time Faculty Early Retirement Application (Age 57 with 15 years of service, or age 60 with 10 years of service)
2013-2014 Plan Information (Current)
NEW! WPS Prescription Home Delivery (Mail Order)
2012-2013 Plan Information (Previous Year)
Eligible Madison College employees are part of the Wisconsin Retirement System (WRS). This is the pension program for all state and municipal employees. It is administered by the Department of Employee Trust Funds. Each year, the contribution percentage is set by the legislature (currently 13.3% of elligible earnings). The College pays 50% of the contribution and the employee pays 50%.
For more information, visit the ETF website or call 877-533-5020.
Use your latest WRS statement (typically sent in April/May) and the Wisconsin Retirement Calculator to calculate estimated annuity options.
Please contact Kristin Gebhardt if you have additional questions about retirement.