§ 36-6-16. Credit union deductions.
The controller shall adopt a procedure for and apply the provisions of state payroll
deduction for state officers and employees for payments to the Rhode Island state
employees' credit union, (a corporation founded under the banking laws of the state
of Rhode Island on August 16, 1946, first, to help state employees build for the future
by a regular savings plan, encouraged by interest, or dividends, that the profits
would allow it to pay, and, secondly, to aid those in need by advancing money, repayable
over a period of time in biweekly installments, at the lowest possible rate of interest),
and to th
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§ 36-6-16. Credit union deductions.
The controller shall adopt a procedure for and apply the provisions of state payroll
deduction for state officers and employees for payments to the Rhode Island state
employees' credit union, (a corporation founded under the banking laws of the state
of Rhode Island on August 16, 1946, first, to help state employees build for the future
by a regular savings plan, encouraged by interest, or dividends, that the profits
would allow it to pay, and, secondly, to aid those in need by advancing money, repayable
over a period of time in biweekly installments, at the lowest possible rate of interest),
and to the credit union of the American federation of state, county, and municipal
employees, (a corporation founded under the banking laws of the state of Rhode Island
on February 28, 1963, first to help the members of the local union chapters of that
federation build for the future by a regular savings plan, encouraged by interest,
or dividends, that the profits would allow it to pay, and, secondly, to aid those
in need by advancing money, repayable over a period of time in biweekly installments,
at the lowest possible rate of interest as the case may be), and those payments shall
be deducted from the payroll by the controller and general treasurer and remitted
by them from time to time to the Rhode Island state employees' credit union and to
the credit union of the American federation of state, county, and municipal employees
as the case may be; provided, however, that no deduction shall be made without a written
authorization being filed by the employee with the controller; provided, further,
however, that neither the controller, the general treasurer, nor the state shall incur
any liability to the Rhode Island state employee's credit union or to the credit union
of the American federation of state, county, and municipal employees, or to any officer
or employee of this state, or to any officer, director, or member of those credit
unions by reason hereof or by reason of any failure to make any deduction or remittance.