LRB-3809/1
RAC:jlg&wlj:hmh
1999 - 2000 LEGISLATURE
February 8, 2000 - Introduced by Senators Erpenbach, George, Burke, Risser,
Plache and Roessler, cosponsored by Representatives Townsend, Berceau,
Schooff, Coggs, Skindrud, Pocan, Hebl and Kreuser. Referred to Joint
survey committee on Retirement Systems.
SB365,1,3
1An Act to amend 40.02 (30) of the statutes;
relating to: executive participating
2employe status under the Wisconsin retirement system for certain court
3commissioners.
Analysis by the Legislative Reference Bureau
Under current law, when a participant in the Wisconsin retirement system
(WRS) terminates covered employment and becomes eligible for a retirement
annuity, one of the ways in which the amount of his or her annuity is determined is
by multiplying the participant's final average earnings by the participant's years of
creditable service and by a percentage multiplier. For a protective occupation
participant who is covered by the federal Social Security Act, an elected official and
an executive participating employe, the percentage multiplier is 2%; for a protective
occupation participant who is not covered by the federal Social Security Act, the
percentage multiplier is 2.5%; and for or all other participants in the WRS, the
percentage multiplier is 1.6%.
In addition, under current law, the normal retirement age under the WRS for
a protective occupation participant is when he or she attains the age of 54, or 53 if
the participant has 25 or more years of creditable service; the normal retirement age
for an elected official and an executive participating employe is when he or she
attains the age of 62; and the normal retirement age for any other participant in the
WRS is when he or she attains the age of 65.
This bill provides that court commissioners, juvenile court commissioners,
probate court commissioners and family court commissioners are executive
participating employes under the WRS. As such, the commissioners will be eligible
to receive a WRS retirement annuity calculated with a percentage multiplier of 2%
and to have a normal retirement age of 62. Currently, the commissioners are eligible
to receive a WRS retirement annuity calculated with a percentage multiplier of 1.6%
and have a normal retirement age of 65.
This bill will be referred to the joint survey committee on retirement systems
for a detailed analysis, which will be printed as an appendix to this bill.
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:
SB365, s. 1
1Section
1. 40.02 (30) of the statutes is amended to read:
SB365,2,102
40.02
(30) "Executive participating employe" means a participating employe
3in a position designated under s. 19.42 (10) (L) or 20.923 (4), (4g), (4m), (8) or (9)
, a
4participating employe who is a court commissioner appointed under s. 48.065 (1),
5757.68 (1) (a), 757.72 (1), 767.13 (1) (a) or 938.065 (1) or
a participating employe in
6a position authorized under s. 230.08 (2) (e) during the time of employment. All
7service credited prior to May 17, 1988, as executive service as defined under s. 40.02
8(31), 1985 stats., shall continue to be treated as executive service as defined under
9s. 40.02 (31), 1985 stats., but no other service rendered prior to May 17, 1988, may
10be changed to executive service as defined under s. 40.02 (31), 1985 stats.
SB365,2,1412
(1) This act first applies to the calculation of a retirement annuity under the
13Wisconsin retirement system for individuals who are participating employes on the
14effective date of this subsection.
SB365,2,1616
(1)
This act takes effect on the January 1 after publication.
