Department of Employee Trust Funds
June 11, 2013
Legislative Update: Joint
Committee on Finance
Restores Governor’s Proposal Regarding Certain WRS Return
to Work Provisions
Committee on Finance wrapped up its revisions to Governor Walker’s
2013-2015 budget bill (2013
Assembly Bill 40) last week. As previously reported in an earlier
Legislative Update, during the May 21st Executive Session, the Joint
Committee on Finance voted to alter the bill by requiring the termination
of annuities for rehired annuitants who work at least 1,392 hours
Last week, the Joint Committee on Finance reconsidered this change
and reverted back to the Governor’s original proposal, thus
requiring the termination of annuities for rehired annuitants who
are expected to work at least two-thirds of full-time.
The full Legislature must still complete its review of the bill
(and may make additional changes) before it is sent to the Governor
for his signature and possible vetoes. Generally speaking, the Legislature
tries to complete its review of the budget bill by July 1.
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
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.