The department of administrative services may provide for regular deductions from
the salary or wages of each state officer or employee for an individual retirement
arrangement intended to obtain deferral of income for income tax purposes, provided
that an officer or employee requesting such deductions is one of a group that constitutes
at least ten per cent of all the officers and employees of the same state agency or
a total of five hundred such officers and employees, whichever is fewer, who have
pending written requests for such deductions to be made and remitted to the same provider,
or the same agent, broker, or financial institution for one or more providers, of
such individual retirement arrangements.
The director of budget and management shall promptly provide for payment of the salary
or wage deductions that have been authorized by such officers and employees to each
such provider, agent, broker, or financial institution in the amounts authorized by
the officers and employees.
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 or via Westlaw before relying on it for your legal needs.
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