Wisconsin Administrative Code
Department of Employee Trust Funds
Chapter ETF 10 - Administration
Section ETF 10.633 - Debiting participant account to fund benefit
Current through February 26, 2024
(1) Except as provided in sub. (2), the date on which a participant's account in the employee accumulation reserve shall be debited to fund the benefit, as provided in s. 40.04(4) (a) 3, Stats., shall be as follows:
(2) If the date specified under sub. (1) falls on a Saturday, Sunday or a holiday under s. 230.35(4) (a), Stats., then the debit shall be made on the next working day.
(3) The department may correct its accounting of the participant's former account in the employee reserve after debiting the account. No corrections to the amount of the debit may affect the date of the debit provided in sub. (1) or (2) for other purposes, including those of ss. ETF and 20.20(2), (3) (4), 50.31, and 60.51.