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SB70-AA1,50,2115 40.61 (3) Any An employer under s. 40.02 (28), other than the state, may offer
16to all of its employees an a group income continuation insurance plan through a
17program offered by the group insurance board. Notwithstanding sub. (2) and ss.
1840.05 (5) and 40.62, the department may by rule establish different eligibility
19standards or contribution requirements for such those employees and employers and
20may by rule limit the categories of employers which that may be included as
21participating employers under this subchapter.
SB70-AA1,74 22Section 74. 40.62 (1) of the statutes is amended to read:
SB70-AA1,51,523 40.62 (1) The group insurance board shall establish an a group income
24continuation insurance plan providing for full or partial payment of the financial loss
25of earnings incurred as a result of injury or illness with separate provisions for

1short-term insurance with a benefit duration of no more than one year and
2long-term insurance covering injury or illness of indefinite duration. Employees An
3employee
insured under the plan shall be is eligible for benefits upon exhaustion of
4accumulated sick leave and completion of the elimination waiting period established
5by the group insurance board.
SB70-AA1,75 6Section 75. 40.64 of the statutes is created to read:
SB70-AA1,51,8 740.64 Long-term disability insurance coverage. The board may establish
8a group long-term disability insurance plan.
SB70-AA1,9113 9Section 9113. Nonstatutory provisions; Employee Trust Funds.
SB70-AA1,51,1010 (1) Transfer of oversight of group disability benefit insurance plans.
SB70-AA1,51,1511 (a) Tangible personal property. On the effective date of this paragraph, all
12tangible personal property, including records, of the group insurance board that is
13primarily related to the group income continuation insurance plan or long-term
14disability insurance plan, as determined by the secretary of employee trust funds,
15is transferred to the employee trust funds board.
SB70-AA1,51,2216 (b) Contracts. All contracts entered into by the group insurance board in effect
17on the effective date of this paragraph that are primarily related to the group income
18continuation insurance plan or long-term disability insurance plan, as determined
19by the secretary of employee trust funds, remain in effect and are transferred to the
20employee trust funds board. The employee trust funds board shall carry out any
21obligations under those contracts unless modified or rescinded by the employee trust
22funds board to the extent allowed under the contract.
SB70-AA1,52,223 (c) Rules. All rules promulgated by the secretary of employee trust funds and
24approved by the group insurance board in effect on the effective date of this
25paragraph that are primarily related to the group income continuation insurance

1plan or long-term disability insurance plan remain in effect until their specified
2expiration dates or until amended or repealed by the employee trust funds board.
SB70-AA1,52,93 (d) Pending matters. Any matter pending with the group insurance board on
4the effective date of this paragraph that is primarily related to the group income
5continuation insurance plan or long-term disability insurance plan, as determined
6by the secretary of employee trust funds, is transferred to the employee trust funds
7board. All materials submitted to or actions taken by the group insurance board with
8respect to the pending matter are considered as having been submitted to or taken
9by the employee trust funds board.”.
SB70-AA1,52,10 10120. Page 374, line 11: after that line insert:
SB70-AA1,52,11 11 Section 76. 15.165 (title) of the statutes is amended to read:
SB70-AA1,52,12 1215.165 (title) Same; attached boards and offices.
SB70-AA1,77 13Section 77. 15.165 (5) of the statutes is created to read:
SB70-AA1,52,1814 15.165 (5) Office of internal audit. There is created an office of internal audit
15that is attached to the department of employee trust funds under s. 15.03. The office
16shall be under the direction and supervision of an internal auditor who shall be
17appointed by the employee trust funds board in the classified service. The internal
18auditor shall report directly to the employee trust funds board.
SB70-AA1,78 19Section 78. 40.03 (1) (dm) of the statutes is created to read:
SB70-AA1,52,2320 40.03 (1) (dm) Shall develop and implement policies, principles, and directives
21for the office of internal audit and determine the qualifications of and appoint, in the
22classified service, staff for the office of internal audit. Staff appointed under this
23paragraph shall report directly to the board.
SB70-AA1,79 24Section 79. 40.03 (4m) of the statutes is created to read:
SB70-AA1,53,4
140.03 (4m) Office of internal audit. (a) The office of internal audit shall
2provide independent assurance that the public employee trust fund assets under the
3control of the department are safeguarded for the purpose of ensuring the fulfillment
4of the benefit commitments to individuals under this chapter.
SB70-AA1,53,65 (b) The internal auditor may review any activity, information, or record of the
6department that relates to the administration of the fund.
SB70-AA1,53,107 (c) The internal auditor shall plan and conduct audit activities, including
8external audits, risk assessments, research projects, and management reviews,
9under the direction of the board and in accordance with policies, principles, and
10directives determined by the board.
SB70-AA1,53,1311 (d) The internal auditor shall monitor the department's compliance with
12applicable legal requirements and contracts entered into by the department and the
13board.
SB70-AA1,9113 14Section 9113. Nonstatutory provisions; Employee Trust Funds.
SB70-AA1,53,1815 (1) Incumbent internal auditor. The individual holding the position of
16internal auditor in the department of employee trust funds on the day before the
17effective date of this subsection shall continue to serve in that position until an
18internal auditor is appointed under s. 15.165 (5).
SB70-AA1,53,2219 (2) Incumbent staff. Individuals holding positions as staff internal auditors
20in the department of employee trust funds on the day before the effective date of this
21subsection shall continue to serve in those positions until staff are appointed under
22s. 40.03 (1) (dm).”.
SB70-AA1,53,23 23121. Page 374, line 11: after that line insert:
SB70-AA1,53,24 24 Section 80 . 40.04 (3) (a) of the statutes is amended to read:
SB70-AA1,54,9
140.04 (3) (a) The net gain or loss of the variable retirement investment trust
2shall be distributed annually on December 31 to each participating account in the
3same ratio as each account's average daily balance within the respective trust bears
4to the total average daily balance of all participating accounts in the trust. The
5amount to be distributed shall be the excess of the increase within the period in the
6value of the assets of the trust resulting from income from the investments of the
7trust and from the sale or appreciation in value of any investment of the trust, over
8the decrease within the period in the value of the assets resulting from the sale or
9the depreciation in value of any investments of the trust.
SB70-AA1,81 10Section 81 . 40.04 (3) (am) 3. (intro.) of the statutes is amended to read:
SB70-AA1,54,1511 40.04 (3) (am) 3. (intro.) Annually, on December 31, the sum of all of the
12following shall be distributed from the market recognition account to each
13participating account in the core retirement investment trust in the same ratio as
14each account's average daily balance bears to the total average daily balance of all
15participating accounts in the trust:”.
SB70-AA1,54,16 16122. Page 374, line 11: after that line insert:
SB70-AA1,54,17 17 Section 82. 40.02 (8) (b) 3. of the statutes is repealed.
SB70-AA1,83 18Section 83. 40.02 (21d) (intro.) of the statutes is amended to read:
SB70-AA1,54,2119 40.02 (21d) (intro.) “Domestic partnership" means a relationship between 2
20individuals, who submitted an affidavit of domestic partnership to the department
21before September 23, 2017,
that satisfies all of the following:
SB70-AA1,84 22Section 84. 40.51 (2m) (a) of the statutes is repealed.
SB70-AA1,85 23Section 85. 40.51 (2m) (b) of the statutes is renumbered 40.51 (2m) and
24amended to read:
SB70-AA1,55,4
140.51 (2m) If an eligible employee is divorced or was a domestic partner in a
2dissolved domestic partnership, the eligible employee may not enroll a new spouse
3or domestic partner in a group health insurance plan under this subchapter until 6
4months have elapsed since the date of the divorce or dissolved domestic partnership.
SB70-AA1,86 5Section 86. 40.513 (3) (b) of the statutes is amended to read:
SB70-AA1,55,76 40.513 (3) (b) The employee's spouse or domestic partner is receiving health
7care coverage under s. 40.51 (6).
SB70-AA1,87 8Section 87. 40.52 (2) of the statutes is amended to read:
SB70-AA1,55,219 40.52 (2) Health insurance benefits under this subchapter shall be integrated,
10with exceptions determined appropriate by the group insurance board, with benefits
11under federal plans for hospital and health care for the aged and disabled.
12Exclusions and limitations with respect to benefits and different rates may be
13established for persons eligible under federal plans for hospital and health care for
14the aged and disabled in recognition of the utilization by persons within the age
15limits eligible under the federal program. The plan may include special provisions
16for spouses, domestic partners, and other dependents covered under a plan
17established under this subchapter where one spouse or domestic partner is eligible
18under federal plans for hospital and health care for the aged but the others are not
19eligible because of age or other reasons. As part of the integration, the department
20may, out of premiums collected under s. 40.05 (4), pay premiums for the federal
21health insurance.
SB70-AA1,88 22Section 88. 40.55 (1) of the statutes is amended to read:
SB70-AA1,56,423 40.55 (1) Except as provided in sub. (5), the state shall offer, through the group
24insurance board, to eligible employees under s. 40.02 (25) (bm) and to state
25annuitants long-term care insurance policies which have been filed with the office

1of the commissioner of insurance and which have been approved for offering under
2contracts established by the group insurance board. The state shall also allow an
3eligible employee or a state annuitant to purchase those policies for his or her spouse,
4domestic partner,
or parent.
SB70-AA1,89 5Section 89. 40.65 (7) (am) 1. of the statutes is amended to read:
SB70-AA1,56,136 40.65 (7) (am) 1. To the surviving spouse or surviving domestic partner until
7the surviving spouse remarries, or the surviving domestic partner enters into a new
8domestic partnership or marries,
if the surviving spouse was married to the
9participant on the date that the participant was disabled under sub. (4), or the
10surviving domestic partner was in a domestic partnership on the date that the
11participant was disabled under sub. (4),
50 percent of the participant's monthly
12salary at the time of death, but reduced by any amount payable under sub. (5) (b) 1.
13to 6.
SB70-AA1,90 14Section 90. 40.65 (7) (am) 1g. of the statutes is repealed.
SB70-AA1,91 15Section 91. 40.65 (7) (am) 1m. of the statutes is repealed.
SB70-AA1,92 16Section 92. 40.65 (7) (am) 3. of the statutes is amended to read:
SB70-AA1,56,2017 40.65 (7) (am) 3. The total monthly amount paid under subds. 1., 1g., 1m., and
182. may not exceed 70 percent of the participant's monthly salary at the time of death
19reduced by any amounts under sub. (5) (b) 1. to 6. that relate to the participant's work
20record.
SB70-AA1,93 21Section 93. 40.65 (7) (ar) 1. a. of the statutes is amended to read:
SB70-AA1,57,422 40.65 (7) (ar) 1. a. To the surviving spouse or the surviving domestic partner
23until the surviving spouse remarries, or the surviving domestic partner enters into
24a new domestic partnership or marries
, if the surviving spouse was married to the
25participant on the date that the participant was disabled under sub. (4), or the

1surviving domestic partner was in a domestic partnership with the participant on
2the date that the participant was disabled under sub. (4),
70 percent of the
3participant's monthly salary at the time of death, but reduced by any amount payable
4under sub. (5) (b) 1. to 6.
SB70-AA1,94 5Section 94. 40.65 (7) (ar) 1. ag. of the statutes is repealed.
SB70-AA1,95 6Section 95. 40.65 (7) (ar) 1. am. of the statutes is repealed.
SB70-AA1,96 7Section 96. 40.80 (2r) (a) 1. of the statutes is amended to read:
SB70-AA1,57,98 40.80 (2r) (a) 1. Relates to a marriage or domestic partnership that terminated
9after December 1, 2001.
SB70-AA1,97 10Section 97. 40.80 (2r) (a) 2. of the statutes is amended to read:
SB70-AA1,57,1411 40.80 (2r) (a) 2. Assigns all or part of a participant's accumulated assets held
12in a deferred compensation plan under this subchapter to a spouse, former spouse,
13domestic partner, former domestic partner, child, or other dependent to satisfy a
14family support or marital property obligation.
SB70-AA1,9313 15Section 9313. Initial applicability; Employee Trust Funds.
SB70-AA1,57,1816 (1) Deferred compensation; domestic partners. The treatment of s. 40.02 (8)
17(b) 3. first applies to benefits paid to a surviving domestic partner of a participant
18who dies on the effective date of this subsection.
SB70-AA1,57,2119 (2) Duty disability death benefits; domestic partners. The treatment of s.
2040.65 (7) (am) 1. and (ar) 1. a. first applies to a surviving domestic partner of a
21participant who dies on the effective date of this subsection.”.
SB70-AA1,57,22 22123. Page 374, line 11: after that line insert:
SB70-AA1,57,23 23 Section 98. 40.22 (1) of the statutes is amended to read:
SB70-AA1,58,5
140.22 (1) Except as otherwise provided in sub. (2) and s. 40.26 (6) (1), each
2employee currently in the service of, and receiving earnings from, a state agency or
3other participating employer shall be included within the provisions of the Wisconsin
4retirement system as a participating employee of that state agency or participating
5employer.
SB70-AA1,99 6Section 99. 40.22 (2) (L) of the statutes is amended to read:
SB70-AA1,58,97 40.22 (2) (L) The employee is employed by a participating employer after the
8person becomes an annuitant, unless the service is after the annuity is suspended
9by the election of the employee under s. 40.26.
SB70-AA1,100 10Section 100. 40.22 (2m) (intro.) of the statutes is amended to read:
SB70-AA1,58,1711 40.22 (2m) (intro.) Except as otherwise provided in s. 40.26 (6) (1), an employee
12who was a participating employee before July 1, 2011, who is not expected to work
13at least one-third of what is considered full-time employment by the department,
14as determined by rule, and who is not otherwise excluded under sub. (2) from
15becoming a participating employee shall become a participating employee if he or she
16is subsequently employed by the state agency or other participating employer for
17either of the following periods:
SB70-AA1,101 18Section 101. 40.22 (2r) (intro.) of the statutes is amended to read:
SB70-AA1,58,2519 40.22 (2r) (intro.) Except as otherwise provided in s. 40.26 (6) (1), an employee
20who was not a participating employee before July 1, 2011, who is not expected to work
21at least two-thirds of what is considered full-time employment by the department,
22as determined by rule, and who is not otherwise excluded under sub. (2) from
23becoming a participating employee shall become a participating employee if he or she
24is subsequently employed by the state agency or other participating employer for
25either of the following periods:
SB70-AA1,102
1Section 102. 40.22 (3) (intro.) of the statutes is amended to read:
SB70-AA1,59,42 40.22 (3) (intro.) Except as otherwise provided in s. 40.26 (6) (1), a person who
3qualifies as a participating employee shall be included within, and shall be subject
4to, the Wisconsin retirement system effective on one of the following dates:
SB70-AA1,103 5Section 103. 40.26 (1) of the statutes is amended to read:
SB70-AA1,59,146 40.26 (1) Except as provided in sub. (1m) and ss. 40.05 (2) (g) 2. and 40.23 (1)
7(am), if a participant receiving a retirement annuity, or a disability annuitant who
8has attained his or her normal retirement date, receives earnings that are subject
9to s. 40.05 (1) or that would be subject to s. 40.05 (1) except for the exclusion specified
10in s. 40.22 (2) (L), the annuity shall be suspended, including any amount provided
11by additional contributions, and no annuity payment shall be payable after the
12month in which the participant files with the department a written election to be
13included within the provisions of the Wisconsin retirement system as a participating
14employee.
SB70-AA1,104 15Section 104. 40.26 (1m) of the statutes is repealed.
SB70-AA1,105 16Section 105. 40.26 (2) (intro.) of the statutes is amended to read:
SB70-AA1,59,1917 40.26 (2) (intro.) Upon suspension of an annuity under sub. (1) or (1m), the
18retirement account of the participant whose annuity is so suspended shall be
19established on the following basis:
SB70-AA1,106 20Section 106. 40.26 (5) (intro.) of the statutes is amended to read:
SB70-AA1,59,2521 40.26 (5) (intro.) Except as otherwise provided in sub. (5m), if If a participant
22applies for an annuity or lump sum payment during the period in which less than 75
2330 days have elapsed between the termination of employment with a participating
24employer and becoming a participating employee with any participating employer,
25all of the following shall apply:
SB70-AA1,107
1Section 107. 40.26 (5m) of the statutes is repealed.
SB70-AA1,108 2Section 108. 40.26 (6) of the statutes is repealed.
SB70-AA1,109 3Section 109. 323.19 (3) and (4) of the statutes are repealed.
SB70-AA1,9113 4Section 9113. Nonstatutory provisions; Employee Trust Funds.
SB70-AA1,60,115 (1) Election to continue annuity suspension. No later than 60 days after the
6effective date of this subsection, if an individual who is employed by a covered
7employer under the Wisconsin Retirement System has his or her annuity suspended
8under s. 40.26 (1m), 2021 stats., on the effective date of this subsection and wants
9to continue the suspension, the individual shall notify the department of employee
10trust funds on a form provided by the department. An election to continue the
11suspension is irrevocable.”.
SB70-AA1,60,12 12124. Page 374, line 11: after that line insert:
SB70-AA1,60,13 13 Section 9113. Nonstatutory provisions; Employee Trust Funds.
SB70-AA1,60,1714 (1) 2025-27 biennial budget request. In submitting information under s. 16.42
15for purposes of the 2025-27 biennial budget bill, the department of employee trust
16funds shall include a request for funding for the modernization of the department's
17pension administration system.”.
SB70-AA1,60,18 18125. Page 374, line 11: after that line insert:
SB70-AA1,60,19 19 Section 110. 230.12 (9m) of the statutes is created to read:
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