Department of Employee Trust Funds - Hot Topic
April 28, 2005
Retirement Legislation Proposed
The Department is currently reviewing Assembly Bill 361, which
would raise the minimum age at which participants in the Wisconsin
Retirement System could qualify for a state pension from age 55
to 59.5. The bill would not change the minimum retirement age of
50 for protective occupation participants such as law enforcement
Based on our analysis, we believe the bill raises some legal issues
since it would change statutorily guaranteed benefits related to
the minimum retirement age.
Once a bill is introduced, there is a lengthy process of further
analysis of the bill through committee hearings, legislative review,
and fiscal estimates. Because of the legal issues this bill raises,
it will likely face considerable scrutiny and opposition.
We will continue to review and monitor the progress of this bill
and any changes that may be forthcoming. As updates occur, we will
post those right here on our Internet site.
Department's Bullet Point Summary of AB361