{"id":55,"date":"2014-07-29T14:54:29","date_gmt":"2014-07-29T19:54:29","guid":{"rendered":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/?page_id=55"},"modified":"2025-05-06T15:19:32","modified_gmt":"2025-05-06T20:19:32","slug":"ret","status":"publish","type":"page","link":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/ret\/","title":{"rendered":"Retirement Plans"},"content":{"rendered":"<div id=\"toc\" class=\"uwsa-toc callout hidden-print\"><\/div><style>@media (min-width: 768px) {#toc { max-width: 40%} <\/style><script>jQuery(document).ready(function() {\n \t\t\t\t\tgenerateTOC(\"Retirement Plans\", \"\", \"div.cfct-content-placeholder\" ,1 ,\"true\", \"toc\");\n \t\t\t\t\t });<\/script>\n<h2>Overview<\/h2>\n<p>Most people will spend up to one-third of their life in retirement so it is important to prepare and save money now in order to support yourself during your golden years. Experts estimate that you will need at least 70% of your pre-retirement income to maintain the same standard of living once you stop working. Several programs are available through your Universities of Wisconsin employment to help you meet your financial needs in retirement.<\/p>\n<p><strong>Are you an employee looking to retire? Refer to the <a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/life-events\/empcha\/ret\/\">Life Event Retirement web page<\/a> for specific information on benefits at retirement.<\/strong><\/p>\n<h2>Plans<\/h2>\n<p>Universities of Wisconsin employees have several options to save money for retirement:<\/p>\n<ul>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/ret\/wrs\/\" rel=\"noopener noreferrer\">Wisconsin Retirement System (WRS)<\/a> is a source of retirement income and also provides disability, separation, and survivor benefits.<\/li>\n<li>Supplemental Retirement Savings Plans\n<ul>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/ret\/tsa\/\" rel=\"noopener noreferrer\">UW 403(b) Supplemental Retirement Program (SRP)<\/a><\/li>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/ret\/wdc\/\" rel=\"noopener noreferrer\">Wisconsin Deferred Compensation (WDC) 457 Program<\/a><\/li>\n<\/ul>\n<\/li>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/sick-leave-credit-conversion-program\/\">Sick Leave Credit Conversion Program<\/a><\/li>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/ret\/ssm\/\" rel=\"noopener noreferrer\">Social Security &amp; Medicare<\/a><\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<p>Eligibility varies by plan. See the plan page for more details.<\/p>\n<h2><strong>Forms &amp; Resources<\/strong><\/h2>\n<ul>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/beneficiary\" target=\"_blank\" rel=\"noopener noreferrer\">Beneficiary Information web page<\/a><\/li>\n<li><span class=\"doc-icon\"><a class=\"doc-type pdf\" href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/download\/ret\/saveopt.pdf\" target=\"_blank\">Retirement Program Options (UWS 72)<span class=\"sr-only\"> pdf<\/span><\/a><\/span>\r\n<\/li>\n<li><a href=\"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/life-events\/empcha\/ret\/\" target=\"_blank\" rel=\"noopener\">Retirement Life Events web page<\/a><\/li>\n<\/ul>\n<p style=\"text-align: right\">\n","protected":false},"excerpt":{"rendered":"<p>Overview Most people will spend up to one-third of their life in retirement so it is important to prepare and save money now in order to support yourself during your golden years. Experts estimate that you will need at least 70% of your pre-retirement income to maintain the same standard of living once you stop [&#8230;]<\/p>\n","protected":false},"author":20,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/42.7563.php","meta":{"footnotes":""},"class_list":["post-55","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/55","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":6,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/55\/revisions"}],"predecessor-version":[{"id":28286,"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/pages\/55\/revisions\/28286"}],"wp:attachment":[{"href":"https:\/\/www.wisconsin.edu\/ohrwd\/benefits\/wp-json\/wp\/v2\/media?parent=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}