40.06 – Reports and payments.
40.06 Reports and payments. (1) (a) Except as otherwise provided by rule or statute, the employee contributions and premium payments specified in s. 40.05 shall be deducted from the earnings of each employee and from the annuity, if sufficient, of each insured retired employee and transmitted to the department, or an agent specified by the […]
40.07 – Records.
40.07 Records. (1) Notwithstanding any other statutory provision, individual personal information in the records of the department is not a public record and shall not be disclosed except as provided in this section. (1m) Individual personal information, other than medical records, may only be disclosed by the department under any of the following circumstances: (a) […]
40.08 – Benefit assignments and corrections.
40.08 Benefit assignments and corrections. (1) Exemptions. The benefits payable to, or other rights and interests of, any member, beneficiary or distributee of any estate under any of the benefit plans administered by the department, including insurance payments, shall be exempt from any tax levied by the state or any subdivision of the state and […]
40.19 – Rights preserved.
40.19 Rights preserved. (1) Rights exercised and benefits accrued to an employee under this chapter for service rendered shall be due as a contractual right and shall not be abrogated by any subsequent legislative act. The right of the state to amend or repeal, by enactment of statutory changes, all or any part of this […]
40.03 – Powers and duties.
40.03 Powers and duties. (1) Employee trust funds board. The board: (a) Shall authorize and terminate the payment of all annuities and death benefits, except disability annuities, in accordance with this chapter and may adjust the computation of the amount, as provided by this chapter, as necessary to prevent any inequity which might otherwise exist […]
40.04 – Accounts and reserves.
40.04 Accounts and reserves. (1) The separate accounts and reserves under subs. (2) to (10) and any additional accounts and reserves determined by the department to be useful in achieving the fund’s purposes, or necessary to protect the interests of the participants or the future solvency of the fund, shall be maintained within the fund. […]
40.05 – Contributions and premiums.
40.05 Contributions and premiums. (1) Employee retirement contributions. For Wisconsin retirement system purposes employee contributions on earnings for service credited as creditable service shall be subject to federal annual compensation limits and shall be made as follows: (a) Subject to par. (b): 1. For each participating employee not otherwise specified, a percentage of each payment […]
40.01 – Creation and purpose.
40.01 Creation and purpose. (1) Creation. A “public employee trust fund” is created to aid public employees in protecting themselves and their beneficiaries against the financial hardships of old age, disability, death, illness and accident, thereby promoting economy and efficiency in public service by facilitating the attraction and retention of competent employees, by enhancing employee […]
40.015 – Compliance with federal tax laws.
40.015 Compliance with federal tax laws. (1) The Wisconsin retirement system is established as a governmental plan and as a qualified plan for federal income tax purposes under the Internal Revenue Code and shall be so maintained and administered. (2) No benefit plan authorized under this chapter may be administered in a manner which violates […]
40.02 – Definitions.
40.02 Definitions. In this chapter, unless the context requires otherwise: (1d) “Abortion” has the meaning given in s. 253.10 (2) (a). (1m) “Accumulation” means the total employee required contributions or employer required contributions or additional contributions as increased or decreased by application of investment earnings. (2) “Additional contribution” means any contribution made by or on […]