§ 19-11-114 — Employee pension benefit plans

Wyoming § 19-11-114

• Jurisdiction: Wyoming
• Title 19: Defense Forces and Affairs
• Ch. 11: MILITARY SERVICE MEMBER PROTECTIONS
• Art. 1: MILITARY SERVICE RELIEF ACT

Text

(a) Every private employer in this state who maintains a
defined benefit plan as defined by 29 U.S.C. 1002(35) shall
credit the employee with his period of service in the uniformed
services towards retirement eligibility and vesting under the
plan, including the computation of any retirement benefits due
under the express terms of the plan, when the accrued benefits
due under the plan are derived from employer contributions to
the plan. If the defined benefit plan provides benefits derived
from employer and employee contributions to the plan, the
employee shall be credited with his period of service in the
uniformed services towards retirement eligibility and vesting
under the plan, including the computation of any retirement
benefits due under the express terms of the plan, provided that
the employer contributions and the mandatory contributions of
the employee are made to the plan.
(b) If any private employer maintains an individual
account plan or a defined contribution plan, as defined by 29
U.S.C. 1002(34), the employee shall be credited with his period
of service in the uniformed services towards retirement
eligibility under the express terms of the plan upon payment of
the designated contributions to the plan and if such credit is
permitted by the Internal Revenue Code.
(c) An employee may be required to pay the employee cost,
if any, of any funded benefit continued pursuant to this section
to the extent other employees on furlough or leave of absence
are so required.