LRBa2520/1
RAC:med:jf
2011 - 2012 LEGISLATURE
ASSEMBLY AMENDMENT 1,
TO 2011 ASSEMBLY BILL 539
March 6, 2012 - Offered by Representative Strachota.
AB539-AA1,1,11 At the locations indicated, amend the bill as follows:
AB539-AA1,1,2 21. Page 5, line 12: after that line insert:
AB539-AA1,1,3 3" Section 5m. 40.05 (2) (j) of the statutes is created to read:
AB539-AA1,1,124 40.05 (2) (j) The department and the Board of Regents of the University of
5Wisconsin System shall develop a methodology for calculating any adverse impact
6on the Wisconsin retirement system that results from a decision of an employee of
7the Board of Regents to elect to participate in the optional retirement system under
8s. 36.24. If an actuarial study is required either to develop the methodology or to
9calculate the adverse impact, the Board of Regents shall pay the cost of the study.
10The Board of Regents shall pay as part of its contributions under par. (a) the cost of
11any adverse impact on the retirement system, as determined by the methodology
12developed under this paragraph.".
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