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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 266 – Group Health Insurance Requirements (Lifetime or Annual Limit)
  • 2017 SB 265 – Group Health Insurance Requirements (Preexisting Condition Exclusion)
  • 2017 SB 190 and 2017 AB 324 – 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

2017 SB 190 and 2017 AB 324 – Increases the minimum retirement age and changes the formula for calculating a retirement benefit.

Bill(s)

2017 SB 190 and 2017 AB 324 increases the minimum retirement age by two years for protective occupation members and by five years for all other members.

  • General employees, teachers, elected officials and executive employees are currently eligible to retire at age 55. The bill would change that to age 60.
  • Protective employees, such as police and firefighters, are currently eligible to retire at age 50. The bill would change that to age 52.

The bills also changes the formula method for calculating a WRS retirement benefit from three to five years.

  • Under current law, a formula benefit is based on the average of the three highest years of earnings.
  • Under the bill, a formula benefit would be based on the average of the five highest years of earnings.

These changes would only apply to members hired on or after the effective date of the bill.

Actuarial Analysis on Proposed Law Changes (October 2016)

Status

Neither bill has been scheduled for a hearing.

Other

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

 
 

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