2015 Act 174 provides municipalities interested in participating in the Wisconsin Retirement System the option to join and only bring in newly-hired employees while allowing current employees to finish their careers under their existing retirement plan.
Specifically, the bill:
- Permits an employer to elect to participate in the WRS and choose to only bring in employees hired on or after the date that the employer elects to participate in the WRS. Employees hired before the date of election would not participate in the WRS.
- Permits the municipal employer the option to offer current employees a one-time choice of becoming participating employees in the WRS.
Permits any municipal employer that elects to be included under the above provision to exclude its public utility employees.
2015 Session - Enacted Into Law
Please contact Tarna Hunter, ETF’s Legislative Liaison, if you have any questions.