Senate Bill 301 proposes significant changes to the Wisconsin Retirement System (WRS) regarding rehired annuitants. The bill allows annuitants who return to work for a WRS-participating employer to choose between suspending their annuity and becoming a participating employee or continuing to receive their annuity without becoming a participating employee. Additionally, the bill reduces the waiting period for a WRS participant who has applied for a retirement annuity from 75 days to 30 days before they can return to covered employment.

The bill also repeals several existing statutes related to the suspension of annuities and modifies various provisions concerning the inclusion of employees in the WRS. Specifically, it removes the requirement that an annuity must be suspended if a participant returns to work, and it eliminates the previous waiting period for returning to employment. The changes aim to provide more flexibility for annuitants and streamline the process for those re-entering the workforce.

Statutes affected:
Bill Text: 40.22(1), 40.22, 40.22(2m)(intro.), 40.22(2r)(intro.), 40.22(3)(intro.), 40.26(1), 40.26, 40.26(1m), 40.26(2)(intro.), 40.26(5)(intro.), 40.26(5m), 40.26(6)