Rehired annuitants in the Wisconsin Retirement System. (FE)

This bill allows such a person, who is hired by a WRS employer as an employee or to provide employee services, to not suspend his or her annuity for up to 60 months.

The bill also requires participating employers that hire such annuitants to make payments to ETF equal to what they would have paid as required contributions for each rehired annuitant if the rehired annuitant had suspended his or her annuity.

Under the bill, these payments are deposited in the employer reserve account.

If the person does not terminate the annuity and does not become an active WRS-participating employee, in the case of state employment, the person is not eligible for group insurance benefits provided to active WRS-participating employees and may not use any of his or her service in the new position for any WRS purposes. If the person opts to again become an active WRS-participating employee, the person is eligible for all group insurance benefits provided to other participating employees and may accumulate additional years of creditable service under the WRS for the new period of WRS-covered employment.

The bill also repeals two obsolete provisions related to return to WRS-covered employment by WRS annuitants during the public health emergency declared on March 12, 2020, by executive order 72, which ended on May 13, 2020.