Wisconsin legislation · 2025-2026 Regular Session
Wisconsin SB1137: An Act to amend 16.705 (9), 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 71.34 (1k) (g) and 71.45 (2) (a) 10.; to create 14.57, 14.69, 20.517, 20.923 (4) (c) 8., 25.52, 71.07 (4s), 71.07 (4w), 71.10 (4) (ct) and (cu), 71.28 (4s), 71.28 (4w), 71.30 (3) (ct) and (cu), 71.47 (4s), 71.47 (4w), 71.49 (1) (ct) and (cu) and 230.08 (2) (en) of the statutes; Relating to: creating WisEARNS, granting rule-making authority, and making an appropriation. (FE)
Status: Failed, April 7, 2026
What the bill says
To amend 16.705 (9), 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 271.34 (1k) (g) and 71.45 (2) (a) 10.; to create 14.57, 14.69, 20.517, 20.923 (4) (c) 38., 25.52, 71.07 (4s), 71.07 (4w), 71.10 (4) (ct) and (cu), 71.28 (4s), 71.28 (4w), 471.30 (3) (ct) and (cu), 71.47 (4s), 71.47 (4w), 71.49 (1) (ct) and (cu) and 230.08 5(2) (en) of the statutes; relating to: creating WisEARNS, granting rule- 6making authority, and making an appropriation…
From the introduced text, March 19, 2026:
to amend 16.705 (9), 71.05 (6) (a) 15., 71.21 (4) (a), 71.26 (2) (a) 4., 271.34 (1k) (g) and 71.45 (2) (a) 10.; to create 14.57, 14.69, 20.517, 20.923 (4) (c) 38., 25.52, 71.07 (4s), 71.07 (4w), 71.10 (4) (ct) and (cu), 71.28 (4s), 71.28 (4w), 471.30 (3) (ct) and (cu), 71.47 (4s), 71.47 (4w), 71.49 (1) (ct) and (cu) and 230.08 5(2) (en) of the statutes; relating to: creating WisEARNS, granting rule- 6making authority, and making an appropriation. Analysis by the Legislative Reference Bureau WisEARNS retirement savings program This bill creates a program called "WisEARNS" to provide a defined contribution retirement savings plan for employees of private employers in this state that do not offer an employer-sponsored retirement plan or that do not offer such a plan to all employees. A defined contribution retirement savings plan is one that pays retirement benefits based on an individual's account balance, rather than a prescribed formula. The bill creates a WisEARNS Board that is attached to the Office of the State Treasurer. Under the bill, the board consists of the following nine the secretary of financial institutions or his or her designee; two members appointed by the governor; two members appointed, respectively, by the speaker of the assembly and president of the senate; one member appointed by the state treasurer; one member …