Section 20.025. Minimum retirement age.

 

(1)   Regular retirement annuities and lump sums in lieu of an annuity. The earliest age at which a person may qualify to receive an annuity under s. 40.23 or 40.24 , Stats., or a lump sum in lieu of an annuity under s. 40.25 (1) , Stats., is the minimum retirement age.

(2)   Separation benefits. An application for a lump sum benefit under s. 40.25 (2) , Stats., must be received by the department before the applicant has reached minimum retirement age unless the applicant is eligible for a lump sum benefit under s. 40.23 (2m) (er) or 40.23 (3) (b) , Stats.

CR 09-057 : cr. Register May 2010 No. 653 , eff. 6-1-10; CR 14-055 : am. (2) Register May 2015 No. 713 , eff. 6-1-15.

Note

The term "minimum retirement age" currently is not used in ch. 40 , Stats. or ETF administrative rules., except for ss. ETF 10.01 (3o) and 20.025 as proposed in this rule ( CR 09-057 ). The term is defined in this rule to be consistent with s. 40.23 (1) (a) (intro.) , Stats., which is implicitly referenced by s. 40.25 (1) (a) , Stats., and with s. 40.25 (2) , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1