AB 929

Under current law, generally, an individual must not have reached 70 years old at the time of becoming initially eligible for group insurance coverage provided by the Group Insurance Board in order to be an “eligible employee” for coverage under a group insurance plan. However, there are exceptions, including for participation in the group health insurance plan. This bill clarifies that there is also an exception for participation in the income continuation insurance plan.

Under current law, only employees who are actively working for an employer that is a participating employer in the Wisconsin Retirement System are eligible to make additional contributions to their retirement accounts under the WRS. The bill corrects the usage of the term “participant” in certain provisions and replaces it with the term “participating employee.”

Current law requires that a social security account be maintained within the public employee trust fund to be credited with employee and employer OASDHI contributions. The bill repeals the requirement that such an account be maintained. The bill also removes a provision regarding state liability for OASDHI remittances from employers covered by a state-federal agreement.

For further information, see the

Notes

provided by the Law Revision Committee of the Joint Legislative Council.