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Current as of March 28, 2024 | Updated by Findlaw Staff
(a) When a state employee begins his or her employment with an agency, the agency shall notify the state employee of:
(1) Each savings program that is available; and
(2) The state employee's ability to have a regular distribution made to a savings program from his or her salary before the state employee receives his or her payroll deposit or pay check.
(b)(1) Upon request of the state employee, the agency charged with the duty to distribute the state employee's salary may withhold, by agreement with the state employee, an amount of money from the state employee's salary each payday for deposit into the state employee's savings program.
(2) The amount withheld from the state employee's salary shall be designated by the state employee.
(3) The agency that enters an agreement under this subsection shall deposit the money withheld from the state employee's salary into the state employee's savings program at the time the state employee's salary is distributed to the state employee.
(c) An agency that is charged with the duty to distribute the state employee's salary shall adopt formal policies and guidelines in furtherance of this subchapter.
Cite this article: FindLaw.com - Arkansas Code Title 21. Public Officers and Employees § 21-5-1302. Participation in savings program - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-21-public-officers-and-employees/ar-code-sect-21-5-1302/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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