Section 301 – Contributions — Two levels — Election by a participating employer to pay employee contributions — Accounting for and vesting of member contributions — Deductions.

49-12-301. Contributions — Two levels — Election by a participating employer to pay employee contributions — Accounting for and vesting of member contributions — Deductions. (1) Participating employers and members shall jointly pay the certified contribution rates to the office to maintain this system on a financially and actuarially sound basis. (2) For purposes of […]

Section 302 – Purchase of service credit.

49-12-302. Purchase of service credit. Any member who works 20 or more hours per week for a participating employer participating in this system, but does not meet other eligibility requirements for service credit, may purchase the service credit in accordance with Section 49-11-403. Enacted by Chapter 250, 2002 General Session