Supplemental Health Insurance Conversion

*A year during which you worked less than full time is counted as a “full year” of service for this purpose. Only complete years are counted.

Example:

• Original date of service at Department of Natural Resources: June 23, 1973

• Terminate Service at DNR and transfer to UW Oshkosh: December 8, 1989.

• Retirement date: December 31, 2004.

• Employee is credited with 31 years of service for calculation of supplemental sick leave.

NOTE: “Matching” amount not to exceed what you have already accrued.

Sick Leave Conversion

Information needed to convert sick leave hours:

1. Total hours of sick leave have accrued (unused sick leave): found on earning/leave statement

2. Number of years of service with the state

3. Highest basic hourly wage received while employed by the state

Faculty and Academic Staff (9-month pay)

1. Review leave statement for total number of sick leave hours accrued.

2. Determine supplemental conversion credits based on your years of service. Note: You are not eligible for more supplemental hours than you have accrued.

3. Add supplemental credits to total unused sick leave hours you have.

4. Divide base salary (only) by 9 to get monthly amount. Divide monthly amount by 174 to get hourly amount.

5. Multiply hourly amount by the total number of sick hours.

Example:

Total unused sick hours: 1600

Years of UW System service: 20 years       

Supplemental credits: 1040 (general with 20 years)

Highest base salary: $43,000                      

Base hourly salary: $27.459 ($43,000 / 9 / 174)

Total monies for health insurance: $27.459 x 2640 sick hours (1600 + 1040) = $72,491.76

Academic Staff (Annual contract)

1. Review leave statement for total number of sick leave hours accrued.

2. Determine supplemental conversion credits based on your years of service (see reverse for credit amounts). Note: You are not eligible for more supplemental hours than you have accrued.

3. Add supplemental credits to total unused sick leave hours you have.

4. Divide base salary (only) by 12 to get monthly amount. Divide monthly amount by 174 to get hourly amount.

5. Multiply hourly amount by the total number of sick hours.

Example:

Total unused sick hours: 1600

Years of UW System service: 20 years     

Supplemental credits: 1040 (general with 20 years)

Highest base salary: $52,554.60              

Base hourly salary: $25.170 ($52,554.60 / 12 / 174)

Total monies for health insurance: $25.170 x 2640 sick hours (1600 + 1040) = $66,448.80

Classified Staff

1. Review earning statement for total number of sick leave hours accrued.

2. Determine supplemental conversion credits based on your years of service (see reverse for credit   amounts). Note: You are not eligible for more supplemental hours than you have accrued. Craftworkers are not eligible for Supplemental Conversion Credits.

3. Add supplemental credits to total unused sick leave hours you have.

4. Multiply hourly rate by the total number of sick hours.

Example:

Total unused sick leave: 1600 hours

Years of UW System service: 20 years

Supplemental credits: 1040 (general with 20 years)

Highest base rate: $12.525

Total monies for health insurance: $12.525 x 2640 (1600 + 1040) = $33,066.00