Section 21-19-101 – Short Title.
21-19-101. Short title. This act shall be known and cited as “The Wyoming Higher Education Retirement Act”.
Section 21-19-102 – Authorization of Supplemental Retirement Plan; Conditions for Participation.
21-19-102. Authorization of supplemental retirement plan; conditions for participation. (a) Except as provided in subsections (b), (c) and (d) of this section, the governing body of any lawfully established community college or of the University of Wyoming may establish and administer a retirement plan for the benefit of certain employees of its institution by the […]
Section 21-19-103 – Contributions Generally.
21-19-103. Contributions generally. (a) Except as provided under W.S. 21-19-102(d), the terms and conditions of the Wyoming Retirement Act shall remain effective as to all employees of the institution except that any required employer and employee contributions thereunder which are based upon an employee’s annual salary rate in excess of six thousand six hundred dollars […]
Section 21-19-104 – Retirement Annuity Policies.
21-19-104. Retirement annuity policies. Any retirement plan established pursuant to W.S. 21-19-102 shall provide for the purchase of retirement annuity policies for the contributing employees. Rights and benefits of the annuity contracts shall vest in the employee. Annuity contracts may be made transferable from one (1) institution to another and provide acceptance of service of […]
Section 21-19-105 – Rules and Regulations; Further Provisions as to Contributions.
21-19-105. Rules and regulations; further provisions as to contributions. The governing body shall make rules and regulations necessary and appropriate for administration of the plan and for the performance of its functions under W.S. 21-19-101 through 21-19-106. Except as provided under W.S. 21-19-102(d), a retirement plan may require a minimum dollar contribution by employees whose […]
Section 21-19-106 – Qualification of Participating Insurance Companies.
21-19-106. Qualification of participating insurance companies. All insurance companies participating in retirement plans under this act shall be in all ways qualified to do business as an insurance company in the state of Wyoming.