(a) Employee contributions generally. As a condition of employment and of accruing benefits under the plan, each member shall contribute six percent of the member’s compensation to the plan. The employee contributions shall be after tax, or if approved by the pension board the employee contributions shall be pre-tax and treated as “picked-up” and contributed by the county to the plan pursuant to 26 U.S.C. § 414(h)(2). The county shall process the employee contributions each payroll period and the aggregate amount shall be deposited in the system. Employee contributions shall begin on the member’s first paycheck after a member becomes eligible for membership in the system as provided for in Section 45-37-123.50. In the event that the county fails to withhold any employee contributions, the county may withhold such amounts, whether treated by the county as after-tax contributions or treated as “picked-up” contributions, from future paychecks as are necessary to restore the amounts not withheld. (b) Withdrawal or refunds of employee contributions. Employee contributions may be withdrawn or refunded only as provided in Section 45-37-123.104. (c) Cessation of employee contributions. A member may terminate employee contributions after 30 years of paid service, as further provided in Section 45-37-123.104(3).
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