40.87 – Treatment of compensation.
40.87 Treatment of compensation. Any part of gross compensation that an employer places in a reimbursement account under an employee-funded reimbursement account plan established under this subchapter which would have been treated as current earnings or wages if paid immediately to the employee shall be treated as current earnings or wages for purposes of any […]
40.875 – Administrative and contract costs.
40.875 Administrative and contract costs. (1) The department shall do all of the following: (a) Beginning on January 1, 1990, collect, from each state agency with employees eligible to participate in an employee-funded reimbursement account plan, a fee in an amount determined by the department to equal that state agency’s share of all of the […]
40.95 – Health insurance premium credits.
40.95 Health insurance premium credits. (1) (a) Subject to sub. (2), the department shall administer a program that provides health insurance premium credits for the purchase of health insurance for a retired employee, or the retired employee’s surviving insured dependents; for an eligible employee under s. 40.02 (25) (b) 6e., or the eligible employee’s surviving […]
40.86 – Covered expenses.
40.86 Covered expenses. An employee-funded reimbursement account plan may provide reimbursement to an employee for only the following expenses that are actually incurred and paid by an employee and that the board determines are consistent with the applicable requirements of the Internal Revenue Code: (1) Expenses authorized under section 125 of the Internal Revenue Code, […]
40.70 – Life insurance coverage.
40.70 Life insurance coverage. (1) Except as provided in sub. (11), each eligible employee of an employer shall be insured under the group life insurance plan provided under this subchapter if all of the following apply: (a) The employer is a participating employer under the Wisconsin retirement system and was included in the group life […]
40.71 – Death benefit eligibility.
40.71 Death benefit eligibility. The following described persons are entitled to death benefits from the Wisconsin retirement system, in the form and at the times specified: (1) The beneficiary of any participant or of any annuitant on the date of death of the participant or annuitant. For purposes of this subsection: (a) A participant is […]
40.72 – Life insurance benefits.
40.72 Life insurance benefits. (1) Except as provided in sub. (2), (3), (3m), (8) or (10), the amount of group life insurance of an insured employee under age 70 shall be $1,000 of insurance for each $1,000 or part of $1,000 of the employee’s annual earnings during the prior calendar year, notwithstanding any limitation of […]
40.73 – Death benefits.
40.73 Death benefits. (1) The amount of the Wisconsin retirement system death benefit shall be: (a) Upon the death of a participant, other than an annuitant or a participating employee, the sum of the additional and employee required contribution accumulations credited to the participant’s account on the beneficiary annuity effective date or, in the case […]
40.74 – Beneficiaries.
40.74 Beneficiaries. (1) Payment to 2 or more persons as joint beneficiaries shall be equal unless the participant, employee or annuitant has designated otherwise in the written designation of beneficiary on file with the department. (2) A beneficiary of a deceased participant, annuitant, alternate payee, beneficiary, or employee may waive absolutely and without right of […]
40.80 – State deferred compensation plan.
40.80 State deferred compensation plan. (1) The deferred compensation board shall select and contract with deferred compensation plan providers to be used by state agencies for providing deferred compensation plans to state employees. (2) The deferred compensation board shall: (a) Determine the requirements for and the qualifications of the deferred compensation plan providers. (b) Approve […]