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WI AB929
Bill
Status
2/10/2026
Primary Sponsor
Law Revision Committee
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AI Summary
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Replaces the term "participant" with "participating employee" in Wisconsin Retirement System statutes to clarify that only employees actively working for a participating employer may make additional contributions to their retirement accounts
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Adds income continuation insurance plans to the list of Group Insurance Board coverage options available to employees age 70 and older who would otherwise be excluded from group insurance eligibility
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Repeals the requirement to maintain a social security account within the public employee trust fund for crediting employee and employer OASDHI contributions, now obsolete under federal law
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Removes state liability for delinquent FICA contributions from individual employers participating in the Wisconsin Retirement System, also obsolete under federal law
Legislative Description
Correcting terminology for making additional contributions to the Wisconsin Retirement System; eliminating a social security account maintained in the public employee trust fund and removing a provision regarding liability for state employer social security remittances; and clarifying who may participate in an income continuation insurance plan provided by the Group Insurance Board (suggested as remedial legislation by the Department of Employee Trust Funds).
Last Action
Placed on calendar 3-17-2026 pursuant to Senate Rule 18(1)
3/16/2026