Each member of Plan B shall contribute an amount equal to a percentage of his monthly earnings from each and every payment of earnings, which contributions shall be credited to annuity savings fund B. The percentage shall be set by the board for each calendar year in a range from three percent to five percent and shall become effective as of the first payroll period reportable on the employee's W-2 for that year.
R.S. 11:1966 active rs title
Employee contributions ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1989, No. 557, §1
- amendment Acts 2001, No. 695, §1, eff. Jan. 1, 2002
- amendment Acts 2010, No. 996, §1, eff. Jan. 1, 2011