AB68-SSA1,41,2
1a. One member who is a participating employee and who is an employee of the
2University of Wisconsin System or a state employee.
AB68-SSA1,41,43 b. One member who is a participating employee and who is an administrator
4of a public school in this state.
AB68-SSA1,41,65 c. One member who is a participating employee and who is an elected member
6of the governing body of a municipal employer that is a participating employer.
AB68-SSA1,41,97 d. One member who is a participating employee as an administrator of a
8municipal employer that is a participating employer and who is not employed by a
9public school district.
AB68-SSA1,41,1210 e. One member who is a participating employee and who is a public school
11teacher. The member appointed under this subd. 2. e. may not be from the same
12county as the member appointed under subd. 1. a.
AB68-SSA1,41,1913 3. One member who is elected by participating employees and is a public
14member and who is not a participant in or beneficiary of the Wisconsin Retirement
15System, with experience in actuarial analysis, audit functions, or finance related to
16an employee benefit plan or experience with significant administrative
17responsibility for a major insurer. It is the intent of the legislature that the member
18elected under this subdivision shall represent the interests of the taxpayers of this
19state and shall not be representative of public employee or employer interests.
AB68-SSA1,74 20Section 74 . 15.165 (title) of the statutes is amended to read:
AB68-SSA1,41,21 2115.165 (title) Same; attached boards and offices.
AB68-SSA1,75 22Section 75 . 15.165 (1) (b) of the statutes is amended to read:
AB68-SSA1,42,223 15.165 (1) (b) For purposes of this section, annuitants are deemed to be
24employees in the last position in which they were covered by the Wisconsin

1retirement system, except that annuitants may not be elected, appointed or vote
2under sub. (3) (a) 1., 2., 4. or 7
.
AB68-SSA1,76 3Section 76 . 15.165 (3) of the statutes is repealed.
AB68-SSA1,77 4Section 77 . 15.165 (5) of the statutes is created to read:
AB68-SSA1,42,95 15.165 (5) Office of internal audit. There is created an office of internal audit
6that is attached to the department of employee trust funds under s. 15.03. The office
7shall be under the direction and supervision of an internal auditor who shall be
8appointed by the employee trust funds board in the classified service. The internal
9auditor shall report directly to the employee trust funds board.
AB68-SSA1,78 10Section 78 . 15.185 (4) of the statutes is created to read:
AB68-SSA1,42,1411 15.185 (4) Small business retirement savings board. (a) There is created a
12small business retirement savings board that is attached to the department of
13financial institutions under s. 15.03. The board shall consist of the following
14members:
AB68-SSA1,42,1515 1. The state treasurer or his or her designee.
AB68-SSA1,42,1616 2. The secretary of financial institutions or his or her designee.
AB68-SSA1,42,1917 3. One member who has a favorable reputation for skill, knowledge, and
18experience in the field of retirement saving and investments, appointed by the
19governor.
AB68-SSA1,42,2120 4. One member who has a favorable reputation for skill, knowledge, and
21experience relating to small business, appointed by the governor.
AB68-SSA1,42,2522 5. One member who is a representative of an association representing
23employees or who has a favorable reputation for skill, knowledge, and experience in
24the interests of employees in retirement saving, appointed by the speaker of the
25assembly.
AB68-SSA1,43,3
16. One member who has a favorable reputation for skill, knowledge, and
2experience in the interests of employers in retirement saving, appointed by the
3president of the senate.
AB68-SSA1,43,64 7. One member who has a favorable reputation for skill, knowledge, and
5experience in retirement investment products or retirement plan designs, appointed
6by the state treasurer.
AB68-SSA1,43,77 8. One member appointed by the investment board.
AB68-SSA1,43,98 9. One member appointed, notwithstanding s. 15.07 (4), by a majority vote of
9all of the members identified in subds. 1. to 8.
AB68-SSA1,43,1010 (b) The members under par. (a) 3. to 9. shall be appointed for 4-year terms.
AB68-SSA1,79 11Section 79. 15.185 (6) of the statutes is created to read:
AB68-SSA1,43,1312 15.185 (6) Office of the student loan ombudsman. There is created in the
13department of financial institutions an office of the student loan ombudsman.
AB68-SSA1,80 14Section 80. 15.197 (20) of the statutes is created to read:
AB68-SSA1,43,1715 15.197 (20) Spinal cord injury council. (a) There is created in the department
16of health services a spinal cord injury council that, except as provided in par. (b),
17consists of the following members appointed by the department for 2-year terms: