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97B.11 Contributions by employer and employee.

Each employer shall deduct from the wages of each member of the system a contribution in the amount of three and seven- tenths percent of the covered wages paid by the employer, until the member's termination or retirement from employment, whichever is earlier. The contributions of the employer shall be in the amount of five and seventy-five hundredths percent of the covered wages of the member.

If the total of the contributions to be deducted from the wages of a member and contributions picked up and paid by the employer shall not exceed one dollar for any calendar quarter, contributions shall not be deducted or paid concerning that member and the member shall not receive credit for membership service for that quarter.

Section History: Early form

[C46, 50, § 97.8, 97.12; C54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 97B.11]

Section History: Recent form

88 Acts, ch 1242, § 16; 92 Acts, ch 1201, § 14; 96 Acts, ch 1187, §4

Internal References

Referred to in § 97B.11A, 97B.14, 97B.41, 97B.42, 97B.49, 97B.73, 97B.73A, 97B.80, 260C.14, 384.6

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Last update: Mon Jan 27 16:05:08 CST 1997
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