49-13-301 - Contributions -- Two levels.
49-13-301. Contributions -- Two levels.
(1) Participating employers shall pay the certified contribution rates to the office tomaintain this system on a financially and actuarially sound basis.
(2) For purposes of determining contribution rates, this system is divided into two levelsaccording to participating employers as follows:
(a) Level A includes the state, its independent agencies, independent entities, publiccorporations, and other instrumentalities, all participating educational institutions, and all otherparticipating employers whose activities are associated with participating educational institutions.
(b) Level B includes all other participating employers in this system.
Renumbered and Amended by Chapter 250, 2002 General Session