Amendment AA1-AB16

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-AA1,1,1 At the locations indicated, amend the bill as follows:

AB16-AA1,1,3 1. Page 2, line 4: after "benefits" insert: "to persons who became annuitants before the effective date of this paragraph .... [revisor inserts date],".

AB16-AA1,1,4 2. Page 3, line 3: delete lines 3 to 15 and substitute:

AB16-AA1,1,6 " Section 3g. 40.04 (10) of the statutes, as affected by 1995 Wisconsin Act 89, is amended to read:

AB16-AA1,2,2 40.04 (10) An accumulated sick leave conversion account shall be maintained within the fund, to which shall be credited all money received under s. 40.05 (4) (b), (bc), (bf), (bm), (br) and (bw) for health insurance premiums, as dividends or premium credits arising from the operation of health insurance plans and from investment income on any reserves established in the fund for health insurance purposes for retired employes and their surviving dependents. Premium payments to health insurers authorized in s. 40.05 (4) (b), (bc), (bf), (bm) and (bw) shall be charged to this account. The department shall separately account for premium payments authorized under s. 40.05 (4) (bf) for purposes of reimbursement from the appropriation under s. 20.515 (1) (b). This subsection does not prohibit the direct payment of premiums to insurers when appropriate administrative procedures have been established for direct payments.

AB16-AA1, s. 3r Section 3r. 40.04 (11) of the statutes, as created by 1995 Wisconsin Acts 88 and 89, is amended to read:

AB16-AA1,2,15 40.04 (11) A health insurance premium credit account shall be maintained within the fund, to which shall be credited all moneys received under s. 40.05 (4) (by) for the payment of health insurance premiums, as dividends or premium credits arising from the operation of health insurance plans and from investment income on any reserves established in the fund for health insurance purposes for retired employes and their surviving dependents. Premium payments to health insurers authorized in subch. IX may only be charged to this account after all other health insurance premium credits under s. 40.05 (4) (b), (bc), (bf), (bm) and (bw) are exhausted. This subsection does not prohibit the direct payment of premiums to insurers when appropriate administrative procedures have been established for direct payments.".

AB16-AA1,2,16 (End)