Department of Employee Trust Funds
February 9, 2015
ETF Provides Initial Review of 2015-2017 State Budget
On February 3, 2015, Governor Walker presented his 2015-2017 State Budget to the Legislature. The Department of Employee Trust Funds (ETF) has completed an initial review of the budget bill. We have identified the following budget provisions that relate to the benefit programs that ETF administers:
- Employee Incentive to Opt Out of State Health Insurance Program – Provides a $2,000 annual incentive for employees who opt out of the state health insurance program.
- Child Support Payments – Currently, the Department of Children and Families (DCF) may assign child support obligations to Wisconsin Retirement System (WRS) benefits. This bill extends that authority to ETF’s Income Continuation Insurance program and the Duty Disability program.
- Health Insurance Savings – Directs the Group Insurance Board to work with ETF’s recently contracted benefits consultant to make appropriate changes in order to realize $25 million in efficiencies and savings over the biennium.
- Group Insurance Board Terms – Increases from two years to four years the terms of appointed members of the Group Insurance Board. The bill also staggers the terms to ensure continuity in the experience of the board.
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, 2015.
Below is a link to the entire budget bill:
Please contact Tarna Hunter, ETF’s Legislative Liaison, if you have any questions.