Retirement & WRS

For specific information about retirement options at Madison College, please review your handbook or contract.

Play VideoWatch the recording of Kristin Gebhardt's 2014 Retirement Benefits Workshop and download the slides here.

How to notify Human Resources of your intent to retire:

  • Faculty who qualify for earlier retirement benefits: submit this Notice of Intent to Retire to Human Resources (this is for those who are age 57 with 15 years of service, or age 60 with 10 years of service)
  • PSRP and Administrative employees who qualify for earlier retirement benefits: send formal notice with your retirement date by email or letter to Human Resources
  • All other employees who are not eligible to receive earlier retirement benefits: send formal notice with your retirement date by email or letter to Human Resources

Next Step for Prospective Retirees:
Those who have already sent their retirement notice may download the Retiree Benefits Packet which includes the following:

Questions about Madison College retirement benefits?
Please email retirement@madisoncollege.edu. We have four staff members who monitor this mailbox and will respond to questions about retirement.

Wisconsin Retirement System (WRS)

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 14% 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.