Section 50.46. Optional election of coverage.

 

(1)   Right to elect coverage. Notwithstanding s. ETF 50.44 (2) (a) , any participating employee not otherwise automatically covered under this subchapter may elect to be covered under the LTDI plan in lieu of coverage under s. 40.63 , Stats.

(2)   Manner, effects and deadline.

(a) An election must be in writing, signed by the employee and in a form approved by the department.

(b) The election to be covered under this subchapter is an irrevocable and absolute waiver of all rights to benefits of any kind under s. 40.63 , Stats., by the participating employee and on behalf of his or her dependents, beneficiaries and estate.

(c) The election is effective upon receipt by the department.

(d) The election must be received by the department no later than Tuesday, January 2, 1997. This deadline for making an election may be extended after consultation with the actuary by motion adopted by the group insurance board prior to that date. The group insurance board may also extend a previously adopted extension provided the extension has not yet expired.

History: Emerg. cr. eff. 10-15-92; cr. Register, May, 1993, No. 449 , eff. 6-1-93.

Note

Form ET-5321, "LTDI Election," may be obtained at no charge by writing to: department of employee trust funds, P.O. Box 7931, Madison, Wisconsin 53707-7931, or by calling [phone] or toll free at [phone]. Microsoft Windows NT 6.1.7601 Service Pack 1