DOA:......Sherwin, BB0008 - ETF IT Modernization Project Reporting Requirement
For 2025-2027 Budget -- Not Ready For Introduction
An Act ...; relating to: the budget.
Analysis by the Legislative Reference Bureau
RETIREMENT AND GROUP INSURANCE
Administrative changes
This bill requires the secretary of employee trust funds to submit with ETF’s biennial budget request a report that includes details of ETF’s expenditures to implement an automated operating system and a progress report and timelines of ETF’s anticipated progress on modernizing its business processes and integrating its information technology systems.
For further information see the state fiscal estimate, which will be printed as an appendix to this bill.
The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:
Section 1. 40.03 (2) (vm) of the statutes is repealed.
Section 2. 40.03 (2) (vt) of the statutes is created to read:
40.03 (2) (vt) Shall, when submitting the department’s biennial budget request under s. 16.42, include a report that includes all of the following:
1. Details of expenditures incurred under s. 20.515 (1) (t) through the most recent fiscal year.
2. Details of expenditures anticipated under s. 20.515 (1) (t) during the upcoming fiscal biennium.
3. The estimated impact on required contribution rates under s. 40.05 and sick leave conversion rates due to the base year expenditure authority and additional funding requests under s. 20.515 (1) (t) during the upcoming fiscal biennium.
4. An updated progress report and timelines of the department’s anticipated progress on modernizing its business processes and integrating its information technology systems.
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