Relating to the individual account program; declaring an emergency.
Catchline/Summary:
Requires that employee contribution to individual account program be percentage of salary, be not less than one percent of salary or more than six percent of salary, and be whole number. Requires that employee contribution to individual account program be percentage of salary, be not less than one percent of salary or more than six percent of salary, and be whole number. Permits employer to specify percentage by agreement with all or some employees.
Specifies that requirements do not apply to collective bargaining agreements entered into before effective date of Act.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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