10-3-1104 - Library personnel -- Monthly wage deductions and matching sums -- Time of inclusion.
10-3-1104. Library personnel -- Monthly wage deductions and matching sums --Time of inclusion.
(1) The librarians, assistants and employees of any public library may, at the discretion ofthe board of directors of the library, be included within and participate in the pension, retirement,sickness, disability and death benefit system established under Section 10-3-1103. In the event thelibrarian, assistants and employees of the municipality are included within and participate in thesystem, there shall be deducted from the monthly wage or salary of the librarian, assistants andemployees and paid into the system, a percentage of their wage or salary equal to the percentageof the monthly wage or salary of other employees of the municipality which is paid into thesystem. Also there shall be paid monthly into the system from the funds of the library a furthersum equal to the total amount deducted monthly from the wage or salary of the librarian,assistants and employees and paid into the retirement system.
(2) Where the election by the board of directors of any library for inclusion of itslibrarian, assistants and employees within the system of any municipality is subsequent to theestablishment of the system, the inclusion may begin as of the date of the establishment of thesystem or as of the date of the election as shall be determined by the board of directors. Ifinclusion is as of the date of the establishment of the system, there shall be paid into the system inaddition to the subsequent monthly wage deductions and matching sums, a sum equal to theaggregate of monthly payroll deductions and matching sums that would have accrued during theperiod beginning with the establishment of the system and ending with the election had thelibrarian, assistants and employees been included within the system from its establishment.
Enacted by Chapter 48, 1977 General Session