Wisconsin Administrative Code
Department of Employee Trust Funds
Chapter ETF 20 - Wisconsin Retirement System
Section ETF 20.05 - Accelerated payment annuity options
Current through August 26, 2024
(1) A participant, alternate payee or beneficiary shall not be eligible for the accelerated payment annuity if the reduced annuity payable for life in the normal form under s. 40.24(1) (e), Stats., would be equal to or less than $129 per month for a benefit with an effective date in calendar year 2001 or, for a benefit with an effective date in a subsequent calendar year, the monthly amount applied under this section for the previous calendar year increased by the salary index, as defined in s. 40.02(52), Stats., ignoring fractions of the dollar.
(2) Pursuant to s. 40.03(2) (k), Stats., the department will assume that the primary OASDHI benefit, as defined in s. 40.02(44), Stats., for a person eligible to receive a beneficiary annuity and selecting an option payable under s. 40.24(1) (e), Stats., will be based on the work record of the participant from whose account the benefit is being paid.
