Senate Bill 105 proposes amendments to the Wisconsin Retirement System (WRS) regarding the rehiring of certain annuitants, specifically jailers and protective occupation participants. Currently, individuals who receive a retirement or disability annuity from the WRS must suspend their annuity if they are hired by a participating employer and are expected to work at least two-thirds of full-time hours. The bill introduces an exception to this rule, allowing annuitants who retired without a prior agreement to return to work and who choose not to become participating employees upon rehire to continue receiving their annuity.

The bill also clarifies the treatment of county jailers who opt out of becoming protective occupation participants, ensuring they are treated similarly to those who are protective occupation participants. Key legal language is amended to include new provisions regarding the conditions under which these exceptions apply, specifically in sections 40.22 and 40.26, with the creation of a new subsection (7) in section 40.26 that outlines the eligibility criteria for the exception. This legislation aims to provide more flexibility for retired employees returning to work while maintaining their retirement benefits.

Statutes affected:
Bill Text: 40.22(1), 40.22, 40.22(2m)(intro.), 40.22(2r)(intro.), 40.22(3)(intro.)