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News

Department of Employee Trust Funds
May 6, 2013

Legislative Update: Re-hiring of WRS Annuitants

2013 Assembly Bill 170, which makes several changes to the statutes governing Wisconsin Retirement System (WRS) annuitants being re-hired by participating WRS employers, was recently introduced to the Assembly and referred to the Committee on Ways and Means.

Assembly Bill 170:

  • Lengthens the current 30-day waiting period before an annuitant can be re-hired to 75 days.
  • Specifies that rehired annuitants who work more than one-half of full-time are ineligible to receive an annuity.
  • Does not allow rehired annuitants to accrue additional years of covered service.
  • Requires rehired annuitants to receive a lump sum of all WRS employee required contributions on termination of employment.

These provisions first apply to a WRS participating employee who terminates employment on the effective date of the bill. The bill was introduced by Rep. Stroebel.

The executive budget bill (2013 Assembly Bill 40) also contains a few revisions to the law governing WRS retirees returning to work.

Assembly Bill 40:

  • Lengthens the current 30-day waiting period before an annuitant can be re-hired to 75 days.
  • Specifies that rehired annuitants who work more than two-thirds full-time are ineligible to receive annuity payments. They must return to WRS participating employee status and add to their years of service.

These provisions first apply to a WRS participating employee who terminates employment on the effective date of the bill. The bill is currently being reviewed by the Joint Committee on Finance. As with any legislative proposal, the provisions are subject to change. ETF will continue to monitor developments and provide updates as they occur. Watch this website for the latest information.

For More Information

ETF Provides Initial Review of 2013-2015 State Budget (February 22, 2013).

If you are interested in monitoring legislative developments more closely, you may want to check out the Wisconsin State Legislature website.

 

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