Amendment AA1-SB483

LRBa4833/1

RAC:skg&mkd:jlb

1995 - 1996 LEGISLATURE

ASSEMBLY AMENDMENT 1, To 1995 SENATE BILL 483

March 28, 1996 - Offered by Representative Schneider.

SB483-AA1,1,1 At the locations indicated, amend the bill as follows:

SB483-AA1,1,3 1. Page 1, line 3: before "the" insert: "eligibility for a social security integrated annuity under the Wisconsin retirement system,".

SB483-AA1,1,4 2. Page 6, line 1: before that line insert:

SB483-AA1,1,5 " Section 1. Nonstatutory provisions.

SB483-AA1,2,2 (1) Notwithstanding section 40.25 (1) of the statutes and any rules promulgated by the department of employe trust funds to administer section 40.24 (1) (e) of the statutes, any participant in the Wisconsin retirement system who applied for a social security integrated annuity before April 23, 1994, for an annuity with an effective date beginning on or after April 23, 1994, is eligible for a social security integrated annuity if the amount of the reduced Wisconsin retirement system annuity that he or she receives after attaining the age of 62 is greater than $41 monthly. To be eligible for a social security integrated annuity under this subsection, the participant must submit a subsequent application to the department of employe trust funds for a social security integrated annuity no later than 60 days after the effective date of this subsection.".

SB483-AA1,2,3 (End)