Note:Section 15 clarifies that, under the Wisconsin Retirement System, an annuitant may not earn contributions and creditable service during a period in which the annuitant receives an annuity from the Wisconsin Retirement System based on the annuitant's own service as a participating employee.
SB996,165Section 16
. 40.86 (1) (intro.) of the statutes is created to read:
SB996,10,76
40.86 (1) (intro.) Expenses authorized under section 125 of the Internal 7Revenue Code, which may include any of the following:
SB996,178Section 17
. 40.86 (1) of the statutes is renumbered 40.86 (1) (a).
SB996,189Section 18
. 40.86 (2) of the statutes is renumbered 40.86 (1) (b).
SB996,1910Section 19
. 40.86 (3) of the statutes is renumbered 40.86 (1) (c).
SB996,2011Section 20
. 40.86 (4) of the statutes is renumbered 40.86 (2m).
Note:Sections 16 and 20 align statutory language with the Internal Revenue Code by distinguishing between expenses reimbursable under two different plan types. Sections 16 to 19 address expenses authorized under section 125 plans, and Section
20 addresses expenses authorized under section 132 plans.