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  • Benefits Available to Indefinite Term Employees

    WHEDA employees participate in the State of Wisconsin Benefit package. These benefits are significant, and are a valuable part of an individual's compensation package. The benefits may vary depending on the percentage of full-time employment. The benefits available for full-time employment are:

    Retirement:  Contributions to the Wisconsin Retirement System (WRS) are required as soon as your employment is eligible for WRS coverage and are calculated as a percentage of your WRS earnings. WHEDA is also required to make contributions into the Wisconsin Retirement system. Contribution rates may change from year to year. Employees are vested after 5 years of WRS credible service.

    Vacation:  Vacation is earned from the first day of employment (prorated for partial year). Vacation is earned at the following rate:

    Years of
    Hours Earned
    Each Year
    1–5 120
    6–10 160
    11–15 176
    16–20 200
    21+ 216

    Personal Holiday: Employees are granted 36.0 hours (4.5 days) of personal holiday each year. (Prorated for partial year.)

    Legal Holidays: Employees are granted 9 legal holidays per year.

    Sick Leave: Sick leave is earned on a biweekly basis at the rate of 130.0 hours per year. Unused sick leave accumulates from year to year. Upon retirement from WHEDA, unused sick leave can be converted at the employee's current hourly rate to pay health insurance premiums.

    Health Insurance: A variety of health insurance options are available. Employees may obtain coverage within one month of starting work. WHEDA's contribution toward the premium is effective after 2 full months of coverage under Wisconsin Retirement System. Employees also have the option to include the State Dental Plan.

    Life Insurance: An employee may have group term life insurance coverage in an amount up to five times his/her annual earnings. Employees may also secure coverage for their spouse (up to $20,000) and dependents (up to $10,000 each).

    Income Continuation Insurance: This benefit ensures that, if a participant is totally disabled (physical or mental), the participant will receive up to 75% of their basic gross salary (not to exceed the predetermined maximum). WHEDA's contribution, which can range from 0% to 100%, is contingent upon an employee's accrual and use of sick leave.

    Supplemental Insurance: This plan provides additional Dental, Hospital and Surgery, and Accidental Death and Dismemberment coverage, along with the option to purchase additional Vision coverage. Employees are responsible for the entire premium, pre-tax deductions.

    Dental Insurance:  Employees are responsible for the entire premium, and are pre-tax deductions.  Choices include:

    • An HMO, PPO or Supplemental dental insurance are features of this dental plan;
    • A comprehensive two-tier dental plan which includes preventive, diagnostic, basic, major and orthodontic coverage;
    • A supplemental plan that provides coverage for basic, major and orthodontic services, that wraps around the Uniform Dental Benefit.

    Vision Coverage: This program provides an affordable, easy-to-use vision care benefit. Employees are responsible for the entire premium and are pre-tax deductions.

    Accidental Death and Dismemberment Insurance:   provides payments for specific injuries, or accidental death. Coverage level based on multiples of salary, and employee is responsible for entire premium.

    Long-Term Care Insurance: This insurance covers short-term and long-term home health care, assisted living, community-based care, and nursing home care. Employees are eligible to apply for the State of Wisconsin plan as well as their spouse, children, parents, spouse's parents and grandparents. Employees are responsible for the entire premium.

    Employee Reimbursement Accounts Program: The Employee Reimbursement Accounts Program allows employees to pay eligible medical and dependent care expenses, transit expenses and parking expenses from pre-tax rather than post-tax income.

    Deferred Compensation: The Deferred Compensation Program allows employees to invest pre-tax earnings or post-tax Roth IRA earnings in any of the investment options offered by the program.

    Worker's Compensation: All employees are covered by WHEDA's Worker's Compensation coverage the day they start employment.

    If you have questions regarding WHEDA Benefits, please email or mail to: e-mail:

    WHEDA Human Resources
    P.O. Box 1728
    Madison, WI 53701-1728