Finance Committee Compromises on Rehired Annuitants

Members of the Joint Finance Committee voted along party lines today to make it more difficult to return to state employment as an annuitant in the Wisconsin Retirement System.

The committee voted 12-4 to increase the separation period between retirement and rehiring from 30 to 75 days as Governor Scott Walker had proposed. The committee broke from the governor’s recommendations, however, when they voted to allow rehired annuitants who work as much as 1,392 hours per year to collect retirement benefits. The full legislature must approve the changes before they become law.