AB517: Bill Text

LRB-1733/1

RAC:lmk:rs

2005 - 2006 LEGISLATURE

2005 Assembly BILL 517

June 28, 2005 - Introduced by Representatives McCormick, Albers, Hahn, Krawczyk, Musser, Townsend, Vrakas and Van Roy, cosponsored by Senators Darling and Harsdorf. Referred to Joint Committee on Finance.

AB517,1,3 An Act to amend 40.02 (25) (bm) of the statutes; relating to: requiring the Group Insurance Board to offer for purchase long-term care insurance policies to employees of local governments.

Analysis by the Legislative Reference Bureau

Under current law, the Group Insurance Board (GIB) offers to state employees a long-term care insurance plan in which a state employee may purchase for himself or herself or for his or her spouse, parent, or spouse's parent long-term care insurance. This bill requires GIB to offer this insurance to other government employers and their employees.

For further information see the state and local fiscal estimate, which will be printed as an appendix to this bill.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB517, s. 1 Section 1. 40.02 (25) (bm) of the statutes is amended to read:

AB517,2,5 40.02 (25) (bm) For the purpose of long-term care insurance, in addition to any state annuitant under s. 40.02 (54m), any employee of the state who received a salary or wages from an employer in the previous calendar year, and any participant who was at one time employed by the state who receives a lump sum payment under s. 40.25 (1) which would have been an immediate annuity if paid as an annuity, if the employee is a resident of this state and meets all of the requirements for an immediate annuity including filing of an application, whether or not final administrative action has been taken.

AB517,2,6 (End)