A participating employer of a public safety service employee may allow the employee to
make the election under Subsection (3)(b) if the participating employer:
(i) provides notice to the office on forms provided by the office; and
(ii) provides the option in a nondiscriminatory manner to each eligible public safety
service employee.
(b)
{
A
}
If allowed by the participating employer under Subsection (3)(a), a
public safety
service employee who initially enters employment beginning
432
July 1, 2008 with a participating employer may elect to become a member of:
433
(i) this system; or
434
(ii) the Public Employees' Noncontributory Retirement System under Chapter 13,
435
Public Employees' Noncontributory Retirement Act.
436
{
(b)
}
(c)
For a public safety service employee who elects to participate in the Public
437
Employees' Noncontributory Retirement System, the participating employer shall, in addition
438
to any other compensation, pay as part of the employee's compensation an amount equal to the
439
difference in the cost of the two retirement systems, to be calculated as follows:
440
(i) the amount that the participating employer would be required to pay for the
441
employee's retirement benefit if the employee was a member of
{
that system
}
the Public Safety
Noncontributory Retirement System
based on the
442
retirement contribution rate under the Public Safety Noncontributory Retirement System;
Page 1 of 1
LRGC
BenChristensen
BenChristensen