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Wisconsin Department of Employee Trust Funds
Wisconsin Department of Employee Trust Funds
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Wisconsin Department of Employee Trust Funds

Legislation

Government Relations

2017 Session - Proposals

Proposed Bills (for reference only)

  • 2017 SB 190 – Increases the minimum retirement age and changes the formula for calculating a retirement benefit.
  • 2017 AB 128 and 2017 SB 81 – Prohibits the Group Insurance Board from contracting for or providing abortion services
  • 2017 AB 62 and 2017 SB 136 – Military Service Credits
  • 2017 AB 10 – Align effective date for life insurance cancellations with other insurance
  • 2017 AB 9 – Eliminates time requirement in statutes for acceptance of retirement applications
  • 2017 AB 8 – Clarifies WRS part-time elected official waiver for protective occupation employees
  • 2017 AB 7 – Clarifies eligibility provisions to participating employees
  • 2017 AB 6 – Clarifies Income Continuation Insurance waiting period

2015 Session - Proposals - Not Enacted into Law

2015 AB 70 and 2015 SB 45

Bill(s)

2015 AB 70and 2015 SB 45 create the Wisconsin Private Retirement Security Board, which must establish a private retirement security plan to provide retirement benefits for residents of the state who choose to participate in the plan. The board is created within ETF by Chapter 15.

The bill requires the Board, with the assistance of ETF, to conduct a study to determine the feasibility of establishing a plan, conduct at least five public hearings throughout the state and design the plan.

Eighteen months after the effective date, the Board must submit a report to the legislature, the governor and the Joint Committee on Finance with the following information:

  • The conclusions of the feasibility study.
  • A summary of the testimony received at public hearings.
  • The proposed design of the plan.
  • An estimate of the cost of the cost of the initial establishment and administration of the plan.
  • An estimate of the amount of time necessary to make the plan viable.
  • A recommendation for any legislation necessary to implement the plan

ETF is required to provide staff and resources to assist the board. The bill creates new appropriations within ETF’s Chapter 20 to fund ETF’s and the Board’s responsibilities. ETF shall submit a request to the Joint Committee on Finance for a supplement for the initial costs of funding activities required by this bill. The bill provides that no moneys from the public employee trust fund may be expended for activities required by this bill.

Status

A public hearing on 2015 SB 45 has been scheduled for December 10, 2015.

Other

Please contact Tarna Hunter, ETF’s Legislative Liaison, if you have any questions.

 
 

Please contact Tarna Hunter, ETF’s Government Relations Director, if you have any questions.