59.87(1)(a)
(a) “Board" means the county board of supervisors in any county.
59.87(1)(b)
(b) “County" means any county having a population of 750,000 or more.
59.87(1)(c)
(c) “Pension funding plan" means a strategic and financial plan related to the payment of all or part of a county's unfunded prior service liability with respect to an employee retirement system.
59.87(1)(d)
(d) “Trust" means a common law trust organized under the laws of this state, by the county, as settlor, pursuant to a formal, written, declaration of trust.
59.87(2)
(2)
Special financing entities, funds, and accounts. 59.87(2)(a)
(a) To facilitate a pension funding plan and in furtherance thereof, a board may create one or more of the following:
59.87(2)(b)
(b) An entity described under par.
(a) has all of the powers provided to it under applicable law and the documents pursuant to which it is created and established. The powers shall be construed broadly in favor of effectuating the purposes for which the entity is created. A county may appropriate funds to such entities and to such funds and accounts, under terms and conditions established by the board, consistent with the purposes for which they are created and established.
59.87(3)(a)(a) To facilitate a pension funding plan a board may establish a stabilization fund. Any such fund may be created as a trust, a special fund or account of the county established by a separate resolution or ordinance, or a fund or account created under an authorizing resolution or trust indenture in connection with the authorization and issuance of appropriation bonds under s.
59.85 or general obligation promissory notes under s.
67.12 (12). A county may appropriate funds for deposit to a stabilization fund established under this subsection.
59.87(3)(b)
(b) Moneys in a stabilization fund established under this subsection may be used, subject to annual appropriation by the board, solely to pay principal or interest on appropriation bonds issued under s.
59.85 and general obligation promissory notes under s.
67.12 (12) issued in connection with a pension funding plan, for the redemption or repurchase of such appropriation bonds or general obligation promissory notes, to make payments under any agreement or ancillary arrangement entered into under s.
59.86 with respect to such appropriation bonds or general obligation promissory notes, or to pay annual pension costs other than normal costs. Moneys on deposit in a stabilization fund may not be subject to any claims, demands, or actions by, or transfers or assignments to, any creditor of the county, any beneficiary of the county's employee retirement system, or any other person, on terms other than as may be established in the resolution or ordinance creating the stabilization fund. Moneys on deposit in a stabilization fund established under this subsection may be invested and reinvested in the manner directed by the board or pursuant to delegation by the board as provided under s.
66.0603 (5).
59.87 History
History: 2007 a. 115;
2017 a. 207 s.
5.
59.875
59.875
Payment of contributions in and employment of annuitants under an employee retirement system of populous counties. 59.875(1)(1)
In this section, “county" means any county having a population of 750,000 or more.
59.875(2)(a)(a) Beginning on July 1, 2011, in any employee retirement system of a county, except as otherwise provided in a collective bargaining agreement entered into under subch.
IV of ch. 111 and except as provided in par.
(b), employees shall pay half of all actuarially required contributions for funding benefits under the retirement system. The employer may not pay on behalf of an employee any of the employee's share of the actuarially required contributions.
59.875(2)(b)1.1. An employer shall pay, on behalf of a nonrepresented law enforcement or fire fighting managerial employee, who was initially employed by the employer before July 1, 2011, the same contributions required by par.
(a) that are paid by the employer for represented law enforcement or fire fighting personnel who were initially employed by the employer before July 1, 2011.
59.875(2)(b)2.
2. An employer shall pay, on behalf of a represented law enforcement or fire fighting employee, who was initially employed by the employer before July 1, 2011, and who on or after July 1, 2011, became employed in a nonrepresented law enforcement or fire fighting managerial position with the employer, or a successor employer in the event of a combined department that is created on or after July 1, 2011, the same contributions required by par.
(a) that are paid by the employer for represented law enforcement or fire fighting personnel who were initially employed by the employer before July 1, 2011.
59.875(3)
(3) No individual who is receiving an annuity under an employee retirement system of a county and who is reemployed by the county may continue to receive the annuity if a similarly situated individual who is receiving an annuity under the Wisconsin Retirement System and who was reemployed by a participating employer under that system would be required to terminate the annuity.
59.875 History
History: 2011 a. 10,
32;
2013 a. 14;
2017 a. 207 s.
5.
59.88
59.88
Employee retirement system of populous counties; duty disability benefits for a mental injury. 59.88(1)(1)
In this section, “county" means any county having a population of 750,000 or more.
59.88(2)
(2) If an employee retirement system of a county offers a duty disability benefit, the employee retirement system may only provide the duty disability benefit for a mental injury if all of the following apply:
59.88(2)(a)
(a) The mental injury resulted from a situation of greater dimensions than the day-to-day mental stresses and tensions and post-traumatic stress that all similarly situated employees must experience as part of the employment.
59.88(2)(b)
(b) The employer certifies that the mental injury is a duty-related injury.
59.88(3)
(3) If an employee retirement system of a county determines that an applicant is not eligible for duty disability benefits for a mental injury, the applicant may appeal the employee retirement system's determination to the department of workforce development. In hearing an appeal under this subsection, the department of workforce development shall follow the procedures under ss.
102.16 to
102.26.
59.88(4)
(4) This section applies to participants in an employee retirement system of a county who first apply for duty disability benefits for a mental injury on or after July 14, 2015.
59.88 History
History: 2015 a. 55;
2017 a. 207 s.
5.
