Posted at: 01/13/2013 8:47 AM
MADISON, Wis. (AP) — The president of the University of Wisconsin System says he's embarrassed by a recent audit finding the system overpaid for health insurance premiums and pension contributions by nearly $33 million over the last two years.
A Wisconsin State Journal report (http://bit.ly/Srz1wX ) says President Kevin Reilly has promised to hire an independent auditor to figure out what went wrong.
The Legislative Audit Bureau released a report Thursday outlining the overpayments.
The UW System recovered all $17.5 million in overpaid pension contributions to the Wisconsin Retirement System in 2011. But so far only $2.4 million of the $15.4 million in overpayments on employee health insurance premiums has been recouped.
Reilly says officials will identify how and why the errors occurred, and make sure they don't happen again.
Information from: Wisconsin State Journal, http://www.madison.com/wsj
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