CHAPTER 40
PUBLIC EMPLOYEE TRUST FUND
SUBCHAPTER I
TRUST PURPOSES AND ADMINISTRATION
40.01 Creation and purpose.
40.015 Compliance with federal tax laws.
40.04 Accounts and reserves.
40.05 Contributions and premiums.
40.06 Reports and payments.
40.08 Benefit assignments and corrections.
SUBCHAPTER II
WISCONSIN RETIREMENT SYSTEM
40.21 Participating employers.
40.22 Participating employees.
40.23 Retirement annuities.
40.26 Reentry into service.
40.27 Post-retirement adjustments.
40.285 Purchase of creditable service.
40.29 Temporary disability; creditable service.
40.30 Intrastate retirement reciprocity.
40.31 Maximum benefit limitations.
40.32 Limitations on contributions.
SUBCHAPTER III
SOCIAL SECURITY FOR PUBLIC EMPLOYEES
40.40 State-federal agreement.
SUBCHAPTER IV
HEALTH AND LONG-TERM CARE BENEFITS
40.51 Health care coverage.
40.513 Payment of stipend in lieu of health care coverage for state employees.
40.515 Health savings accounts; high-deductible health plan.
40.52 Health care benefits.
40.55 Long-term care coverage.
40.56 Abortion coverage prohibited.
SUBCHAPTER V
DISABILITY BENEFITS
40.61 Income continuation coverage.
40.62 Income continuation insurance benefits.
40.63 Disability annuities.
40.65 Duty disability and death benefits; protective occupation participants.
SUBCHAPTER VI
SURVIVOR BENEFITS
40.70 Life insurance coverage.
40.71 Death benefit eligibility.
40.72 Life insurance benefits.
SUBCHAPTER VII
DEFERRED COMPENSATION PLANS
40.80 State deferred compensation plan.
40.81 Deferred compensation plan authorization.
40.82 General provisions.
SUBCHAPTER VIII
EMPLOYEE-FUNDED REIMBURSEMENT
ACCOUNTS
40.85 Employee-funded reimbursement account plan.
40.87 Treatment of compensation.
40.875 Administrative and contract costs.
SUBCHAPTER IX
HEALTH INSURANCE PREMIUM CREDITS
40.95 Health insurance premium credits.
TRUST PURPOSES AND ADMINISTRATION
40.01
40.01
Creation and purpose. 40.01(1)(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 morale, by providing for the orderly and humane departure from service of employees no longer able to perform their duties effectively, by establishing equitable benefit standards throughout public employment, by achieving administrative expense savings and by facilitating transfer of personnel between public employers.
40.01(2)
(2) Purpose. The public employee trust fund is a public trust and shall be managed, administered, invested and otherwise dealt with solely for the purpose of ensuring the fulfillment at the lowest possible cost of the benefit commitments to participants, as set forth in this chapter, and shall not be used for any other purpose. Revenues collected for and balances in the accounts of a specific benefit plan shall be used only for the purposes of that benefit plan, including amounts allocated under s.
40.04 (2), and shall not be used for the purposes of any other benefit plan. Each member of the employee trust funds board shall be a trustee of the fund and the fund shall be administered by the department of employee trust funds. All statutes relating to the fund shall be construed liberally in furtherance of the purposes set forth in this section.
