State Representative Duey Stroebel (R-Cedarburg), right, has introduced two bills that would change Wisconsin Retirement System benefits:
- Assembly Bill 470 would increase the minimum retirement age by two years. If passed, it would apply to workers 40 and younger.
- Assembly Bill 471 would calculate benefits based on the five highest earnings periods, a change from the current three year formula.
The bills were referred to the Joint Survey Committee on Retirement Systems, but a hearing has not yet been scheduled. Stroebel co-chairs the committee with State Senator Dale Schultz (R-Richland Center). State Representative Terese Berceau (D-Madison) is also a member of the committee.
Assembly Speaker Robin Vos (R-Rochester) told the Wisconsin State Journal that the bill is “not going to happen this session.”