Senate Bill 320
Participation in variable annuity program under the Wisconsin Retirement System
Topics: Legislature: Retirement Systems, Joint Survey Committee on, Retirement System, Wisconsin
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Sep 30, 2009
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Committee, stopped here
Stopped here. No public hearing was held.
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Senate vote, not reached
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Assembly vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Apr 28, 2010: “Failed to pass pursuant to ”
It never got a hearing in the joint survey committee on Retirement Systems. See every bill that never got a hearing this session.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Under current law, participating employees in the Wisconsin Retirement System (WRS) may allocate 50 percent of their employee required and additional contributions to the variable retirement investment trust of the public employee trust fund and the remainder to the core retirement investment trust of the public employee trust fund. By law, assets in the variable retirement investment trust are invested almost entirely in equities, while the assets in the core retirement investment trust must be diversified with about 55 percent of the assets currently invested in equities. Participating employees in the WRS are not required to allocate any of their employee required and additional contributions to the variable retirement investment trust and may instead allocate all of these contributions to the core retirement investment trust. This bill limits participation in the variable annuity program to those WRS participants who elected to participate in the variable annuity program before January 1, 2011. As a result, the variable annuity program will be closed to new participants beginning on that date.
Because this bill relates to public employee retirement or pensions, it may be referred to the Joint Survey Committee on Retirement Systems for a report to be printed as an appendix to the bill.
Who's behind it
Bob Wirch, a Democrat, is its .
1 more lawmaker .
See all 2 names Hide the names
Author (1)
- Bob Wirch · Democrat, Senate
Signed on in support (1)
- Mary Hubler · Democrat, Assembly
What it would cost
State agencies filed a . Each opens as a PDF from the Legislature.
What happened
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Apr 28, 2010
The session ended, and the bill died with it.
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Oct 16, 2009
A state agency sent in its estimate of the cost.
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Sep 30, 2009
Sent to the Senate Committee on joint survey committee on Retirement Systems.
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Sep 30, 2009
Introduced in the Senate.
See the official record, word for word Hide the official record
- Sep 30, 2009 · Senate
Introduced by Senator Wirch;Cosponsored by Representative Hubler
- Sep 30, 2009 · Senate
Read first time and referred to joint survey committee on Retirement Systems
- Oct 16, 2009 · Senate
Fiscal estimate received
- Apr 28, 2010 · Senate
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Cost estimate
A state agency's estimate of what a bill would cost or save.
Official term: Fiscal estimate