Split Benefits Deductions
Beginning in April 2021, UW System employees who are paid biweekly will have most benefits deductions divided evenly over the first two biweekly paychecks. Below are resources and common questions and answers that you may have as it relates to the Split Benefits Deductions project.
Your Saving & Spending Plan (Budget) Workshops
A change in payroll frequency and timing of deductions may bring up questions and extra financial stress. In this webinar, UW Credit Union Financial Mentors will help you to answer those questions and to create a spending and saving plan that works for you. This session will also provide options to consider if you will face a temporary budget shortfall due to a payroll change.
Registration is required and can be done up until the workshop starts.
- Tuesday, February 23, 2021, 9:00 AM
- Wednesday, March 24, 2021, 5:00 PM
- Tuesday, April 27, 2021, 12:00 PM
- Wednesday, May 12, 2021, 8:00 AM
- Tuesday, June 22, 2021, 5:00 PM
- Spending Plan
Print this form to help build a budget
- Presentation slides
- Presentation video (password: MckPCcZ6)
Town Hall Meetings
Learn when the split benefits deductions go into effect, how they will affect your paycheck, and what to do to prepare for the change.
Split Benefits Deductions Town Hall
Tuesday, February 16, 2021, 2:00-3:00 PM
What does split benefits deductions mean?
How does this benefit biweekly paid employees?
When will split benefits deductions go into effect?
How will split benefits deductions affect me and my paycheck?
- Health Insurance
- Dental insurance
- Vision Insurance
- Life insurance
I regularly receive lump sum payments. Is there anything different for me?
Lump sum payments will continue to have Wisconsin Retirement System contributions.
What do I need to do?
If you have automatic/online payments set up (for example, mortgage payment, car loan, utilities, etc.), you may want to review and adjust your payments to coincide with your updated biweekly paycheck amounts.
Are my benefits premiums changing?
Download the FAQ:
- The Division of Extension at UW–Madison financial education resources
- See the Division of Extension YouTube channel
- Tips for Your Financial Resolutions (4:04)
- Creating a Spending Plan (4:11)
- Tips for Tracking Spending (4:33)
- Spending Strategies (3:32)
- Money and Relationships (4:07)
- Plan How to Use Your Tax Refund (6:52)
Employee Assistance Program
The EAP provides confidential resources for employees and family members to address personal/work-related concerns. Additionally, the EAP can assist with financial situations. EAP services are provided at no cost (to you and members of your household). For more information review the Employee Assistance Program (EAP) webpage.