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. 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. (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. (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. (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 […]
