LRBa4625/1
RAC:mkd&skg:dw
1995 - 1996 LEGISLATURE
ASSEMBLY AMENDMENT 1,
To 1995 ASSEMBLY BILL 16
March 22, 1996 - Offered by Joint committee on Finance.
AB16-AA1,1,11 At the locations indicated, amend the bill as follows:
AB16-AA1,1,3 21. Page 2, line 4: after "benefits" insert: "to persons who became annuitants
3before the effective date of this paragraph .... [revisor inserts date],".
AB16-AA1,1,4 42. Page 3, line 3: delete lines 3 to 15 and substitute:
AB16-AA1,1,6 5" Section 3g. 40.04 (10) of the statutes, as affected by 1995 Wisconsin Act 89,
6is amended to read:
AB16-AA1,2,27 40.04 (10) An accumulated sick leave conversion account shall be maintained
8within the fund, to which shall be credited all money received under s. 40.05 (4) (b),
9(bc), (bf), (bm), (br) and (bw) for health insurance premiums, as dividends or
10premium credits arising from the operation of health insurance plans and from
11investment income on any reserves established in the fund for health insurance
12purposes for retired employes and their surviving dependents. Premium payments
13to health insurers authorized in s. 40.05 (4) (b), (bc), (bf), (bm) and (bw) shall be
14charged to this account. The department shall separately account for premium
15payments authorized under s. 40.05 (4) (bf) for purposes of reimbursement from the
16appropriation under s. 20.515 (1) (b).
This subsection does not prohibit the direct

1payment of premiums to insurers when appropriate administrative procedures have
2been established for direct payments.
AB16-AA1, s. 3r 3Section 3r. 40.04 (11) of the statutes, as created by 1995 Wisconsin Acts 88 and
489, is amended to read:
AB16-AA1,2,155 40.04 (11) A health insurance premium credit account shall be maintained
6within the fund, to which shall be credited all moneys received under s. 40.05 (4) (by)
7for the payment of health insurance premiums, as dividends or premium credits
8arising from the operation of health insurance plans and from investment income on
9any reserves established in the fund for health insurance purposes for retired
10employes and their surviving dependents. Premium payments to health insurers
11authorized in subch. IX may only be charged to this account after all other health
12insurance premium credits under s. 40.05 (4) (b), (bc), (bf), (bm) and (bw) are
13exhausted. This subsection does not prohibit the direct payment of premiums to
14insurers when appropriate administrative procedures have been established for
15direct payments.".
AB16-AA1,2,1616 (End)
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