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3. The program under this section shall require that the first $1,000 of an
4enrolled eligible employee's contributions be deposited in a fund described in subd.
51. a. and thereafter, unless the employee selects a different investment option, the
6employee's contributions be deposited in a fund described in subd. 1. b.
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(c) 1. Except as provided in subd. 3., during an eligible employee's first year of
8enrollment in the program, the participating employer's payroll deduction each pay
9period shall be at a rate of 5 percent of the employee's gross wages, and this deducted
10amount shall be remitted to the investment administrator as the employee's account
11contribution.
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2. Except as provided in subd. 3., a participating employer shall increase the
13payroll deduction rate under subd. 1. by 1 percent per year until a maximum payroll
14deduction rate of 10 percent is reached.
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3. An enrolled eligible employee may elect a different payroll deduction rate
16than that provided for in subds. 1. and 2., except the rate may not be less than 1
17percent nor more than 10 percent.
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18(6) Record-keeping requirements. (a) Subject to par. (b), the board shall
19establish the record-keeping requirements for the investment administrator,
20including the nature and extent of the record-keeping services and performance
21metrics for measuring compliance with these requirements.
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(b) The program shall require the maintenance of separate records and
23accounting for each account.
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24(7) Abandoned accounts. (a) An account is considered abandoned if any of the
25following applies:
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11. There has been no account activity for at least 6 months and the account
2balance is less than $250.
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2. There has been no account activity for at least 2 years.
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(b) If an account is considered abandoned under par. (a), the investment
5administrator shall close the account and disburse the account balance to the
6individual who established the account.
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7(8) Powers of board; departmental assistance; rules. (a) The board may do
8any of the following:
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1. In establishing the program under this section, create or impose any
10requirement or condition not inconsistent with this section that the board considers
11necessary for the effective functioning and widespread utilization of the program.
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2. Enter into contracts or other arrangements for any services necessary for
13establishing and overseeing the program under this section or for otherwise carrying
14out the purposes of this section, including the services of financial institutions,
15attorneys, investment advisers, accountants, consultants, and other professionals.
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3. Exercise any other powers necessary to establish and oversee the program
17under this section or otherwise carry out the purposes of this section.
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4. Promulgate rules to carry out the purposes of this section.
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(b) The department shall provide the board with any assistance necessary to
20carry out the purposes of this section, including staff, equipment, and office space.
21The board may delegate to the department responsibility for carrying out any
22day-to-day board function related to the program under this section.
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23Section 2453
. 224.77 (1) (o) of the statutes is amended to read:
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224.77
(1) (o) In the course of practice as a mortgage banker, mortgage loan
25originator, or mortgage broker, except in relation to housing designed to meet the
1needs of elderly individuals, treat a person unequally solely because of sex, race,
2color, handicap, sexual orientation, as defined in s. 111.32 (13m), religion, national
3origin, age, or ancestry, the person's lawful source of income, or the sex, marital
4status,
status as a holder or nonholder of a license under s. 343.03 (3r), or status as
5a victim of domestic abuse, sexual assault, or stalking, as defined in s. 106.50 (1m)
6(u), of the person maintaining a household.
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7Section 2454
. 227.01 (13) (Lw) of the statutes is created to read:
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227.01
(13) (Lw) Adjusts the minimum wage under s. 104.035 (8m).
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9Section 2455
. 227.01 (13) (n) of the statutes is amended to read:
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227.01
(13) (n) Fixes or approves rates, prices or charges,
including an annual
11average weekly wage calculation under s. 108.05 (1) (am) or a maximum weekly
12benefit amount under s. 108.05 (1) (cm), unless a statute specifically requires them
13to be fixed or approved by rule.
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14Section 2456
. 227.01 (13) (t) of the statutes is created to read:
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227.01
(13) (t) Ascertains and determines prevailing wage rates under ss.
1666.0903, 103.49, 103.50, and 229.8275, except that any action or inaction which
17ascertains and determines prevailing wage rates under ss. 66.0903, 103.49, 103.50,
18and 229.8275 is subject to judicial review under s. 227.40.
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19Section 2457
. 227.03 (4) of the statutes is amended to read:
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227.03
(4) The provisions of this chapter relating to contested cases do not
21apply to proceedings involving the revocation of
community supervision or aftercare
22supervision under s. 938.357 (5), the revocation of parole, extended supervision, or
23probation, the grant of probation, prison discipline, mandatory release under s.
24302.11, or any other proceeding involving the care and treatment of a resident or an
25inmate of a correctional institution.
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1Section
2458. 227.10 (2g) of the statutes is repealed.
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2Section 2459
. 227.11 (title) of the statutes is amended to read:
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3227.11 (title)
Agency
Extent to which chapter confers rule-making
4authority.