40.015 Compliance with federal tax laws.
(1) The Wisconsin retirement system is established as a governmental plan and as a qualified plan for federal income tax purposes under the Internal Revenue Code and shall be so maintained and administered.
(2) No benefit plan authorized under this chapter may be administered in a manner which violates an Internal Revenue Code provision that authorizes or regulates that benefit plan or which would cause an otherwise tax exempt benefit to become taxable under the Internal Revenue Code.
(3) For the purposes of compliance with the Internal Revenue Code, the plan year is January 1 through December 31.
History: 1995 a. 302; 2013 a. 20.
Structure Wisconsin Statutes & Annotations
Wisconsin Statutes & Annotations
Chapter 40 - Public employee trust fund.
40.015 - Compliance with federal tax laws.
40.04 - Accounts and reserves.
40.05 - Contributions and premiums.
40.08 - Benefit assignments and corrections.
40.21 - Participating employers.
40.22 - Participating employees.
40.27 - Post-retirement adjustments.
40.285 - Purchase of creditable service.
40.29 - Temporary disability; creditable service.
40.30 - Intrastate retirement reciprocity.
40.31 - Maximum benefit limitations.
40.32 - Limitations on contributions.
40.40 - State-federal agreement.
40.513 - Payment of stipend in lieu of health care coverage for state employees.
40.515 - Health savings accounts; high-deductible health plan.
40.55 - Long-term care coverage.
40.56 - Abortion coverage prohibited.
40.61 - Income continuation coverage.
40.62 - Income continuation insurance benefits.
40.65 - Duty disability and death benefits; protective occupation participants.
40.70 - Life insurance coverage.
40.71 - Death benefit eligibility.
40.72 - Life insurance benefits.
40.80 - State deferred compensation plan.
40.81 - Deferred compensation plan authorization.
40.85 - Employee-funded reimbursement account plan.
40.87 - Treatment of compensation.