House Status:
Senate Status:
Senate Status:
2021 Statute
Prev | Article 49. - PUBLIC EMPLOYEES RETIREMENT SYSTEMS | Next |
74-49,305. (a) An active member shall contribute 6% of compensation to such member's annuity savings account. Such contributions shall be picked up by the employer via a salary reduction as provided in section 414(h)(2) of the federal internal revenue code. An employer may not pick up these contributions without a corresponding salary reduction as provided in section 414(h)(2) of the federal internal revenue code. (b) A member may not make voluntary contributions to the plan. |
History: L. 2012, ch. 171, § 5; July 1. |
Prev | Article 49. - PUBLIC EMPLOYEES RETIREMENT SYSTEMS | Next |
2024. Powered by KLISS. Rendered: 2024-05-04T05:04:07. Head Rev No: 893617(E)