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Wisconsin Administrative Code (Last Updated: January 10, 2017) |
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Agency ETF. Department of Employee Trust Funds |
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Chapter 20. Wisconsin Retirement System |
Section 20.06. Early retirement reduction factors.
Latest version.
- Pursuant to s. 40.23 (2) , Stats., this section applies only to participants who are not participating employees after March 9, 1984. In computing a formula annuity in the normal form beginning prior to the normal retirement date of a participant, there shall be a .5% reduction for each month the participant's age is under 65 but at least 60 and a .4% reduction for each month the participant's age is under 60.
Cr.
Register, June, 1979, No. 282
, eff. 1-1-80; renum. from ETF 7.02 (2),
Register, November, 1982, No. 323
, eff. 12-1-82; am.
Register, March, 1986, No. 363
, eff. 4-1-86.