15.16 Department of employee trust funds; creation.
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/wi/chapter-15/15-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
15.16 Department of employee trust funds; creation. There is created a department of employee trust funds under the direction and supervision of the employee trust funds board.
(1)Employee trust funds board. The employee trust funds board shall consist of the governor or the governor’s designee on the group insurance board, the administrator of the division of personnel management in the department of administration or the administrator’s designee and 11 persons appointed or elected for 4-year terms as follows:
(a)Four members shall be members of the teachers retirement board, appointed by that board.
1. At least one appointee under this paragraph shall have been appointed or elected to the board under s. 15.165
(a)1. or 2.
2. At least one appointee under this paragraph shall have been appointed to the board under s. 15.165
(a)4.
3. At least one appointee under this paragraph shall have been elected to the board under s. 15.165
(a)7.
4. At least one appointee under this paragraph shall have been appointed to the board under s. 15.165
(a)3. or 5.