Senate Bill 908 aims to update and clarify various provisions related to the Wisconsin Retirement System and group insurance coverage. The bill amends several sections of the statutes to replace the term "participant" with "participating employee," ensuring that only employees actively working for a participating employer can make additional contributions to their retirement accounts. Additionally, the bill clarifies that individuals under 70 years old can participate in both the group health insurance plan and the income continuation insurance plan provided by the Group Insurance Board.

Furthermore, the bill repeals the requirement for maintaining a social security account within the public employee trust fund, which is now considered obsolete under federal law. It also removes the state's liability for remittances due from employers under a state-federal agreement, reflecting changes in federal regulations. Overall, these amendments are intended to streamline the administration of the Wisconsin Retirement System and improve clarity regarding employee eligibility and contributions.

Statutes affected:
Bill Text: 40.02(2), 40.02, 40.02(25)(a)4, 40.04(8), 40.04, 40.05(1)(a)5, 40.05, 40.05(3)