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News

Department of Employee Trust Funds
February 22, 2013

ETF Provides Initial Review of 2013-2015 State Budget

On February 20, 2013, Governor Walker presented his 2013-2015 State Budget to the Legislature. The Department of Employee Trust Funds (ETF) has completed an initial review of the budget bill and prepared a summary of the budget provisions that relate to the Department and the benefit programs it administers, including the Wisconsin Retirement System (WRS).

Among other things, the budget bill contains a few changes to the WRS, including revisions to the law governing WRS retirees returning to work and a number of routine, technical updates to reflect federal requirements. These latter changes are necessary for the WRS to remain compliant with federal Internal Revenue Code and do not affect the benefits of WRS participants.

ETF will further review and analyze the budget bill to identify implications for the WRS and the other ETF-administered benefit programs. In late June, the Legislature will deliver an amended budget bill to Governor Walker for review, approval and/or partial veto of the budget to be effective July 1, 2013.

Below is a link to the entire budget bill:

Executive Budget – 2013 AB 40

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