40.23 Retirement annuities.
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/wi/chapter-40/40-23-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40.23 Retirement annuities.
(a)Except as provided in par.
(am), any participant who has attained age 55, and any protective occupation participant who has attained age 50, on or before the annuity effective date shall be entitled to a retirement annuity in accordance with the actuarial tables in effect on the effective date of the annuity if the participant submits an application for a retirement annuity on a form furnished by the department and all of the following apply:
1. The participant is separated, regardless of cause, and continues to be separated until the annuity effective date, from all employment meeting the qualifications for inclusion specified in s. 40.22 for any participating employer.
2. The participant is not on authorized leave of absence from any participating employer.
1. In this paragraph “part-time service” is service in a position normally requiring actual performance of duty during fewer than 1,044 hours per calendar year.