Notwithstanding any provision of law to the contrary, all employers of members of
retirement systems administered by the department shall transmit by a warrant or check
to the department within fifteen days following the end of each calendar month the
moneys due the department as determined by the statutes governing each system together
with such reports as the department may require. The director may collect interest on any employer's overdue payments at the rate of
one percent per month on the outstanding balance where necessary to secure adherence
to timeliness requirements.
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