(a)Any employee who did not elect to make employee
contributions pursuant to W.S. 19-11-113 to the state retirement
system applicable to his employment during his period of service
in the uniformed services shall be entitled to receive credit
for his service in the uniformed services toward establishing
retirement eligibility and for computation of benefits upon
payment into the system in an amount equal to the employee
contributions that would have been paid had the employee
continued in employment and not been called to service in the
uniformed services, together with interest thereon at the
valuation interest rate of the system or plan in effect at the
time payment is made. The contributions shall be based on the
salary including any increases in compensation that the employee
would ha
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(a) Any employee who did not elect to make employee
contributions pursuant to W.S. 19-11-113 to the state retirement
system applicable to his employment during his period of service
in the uniformed services shall be entitled to receive credit
for his service in the uniformed services toward establishing
retirement eligibility and for computation of benefits upon
payment into the system in an amount equal to the employee
contributions that would have been paid had the employee
continued in employment and not been called to service in the
uniformed services, together with interest thereon at the
valuation interest rate of the system or plan in effect at the
time payment is made. The contributions shall be based on the
salary including any increases in compensation that the employee
would have received had he remained in employment during the
period of service in the uniformed services.
(b) Upon payment by the employee of the employee
contributions and interest as provided in subsection (a) of this
section the employer shall pay to the retirement system an
amount equal to the employer contributions that the employer
would have paid to the retirement system had the employee
remained in service, together with interest thereon, at the
valuation interest rate in effect at the time payment is made.
The contributions shall be based on the salary the employee
would have received during the period of service in the
uniformed services, including any increases in compensation that
the employee would have received had he remained in employment
during the period of service in the uniformed services. The
employer contributions and interest due to the system shall be
paid within thirty (30) days after the employee has paid all of
the contributions due to the system or fund.
(c) All employee contributions and interest due thereon
made in payment for service in the uniformed services credit in
accordance with subsection (a) of this section must be received
by the system within five (5) years of his reemployment.
(d) Should the employee fail to make the required
contributions within four (4) years, the credit shall only count
toward determining eligibility for retirement benefits. Any
unpaid actuarial cost to the retirement system shall be borne by
the employers through reflection in the employer rate
established by the state retirement system’s actuarial
committee.
(e) Notwithstanding any other requirements in W.S.
19-11-113 or 19-11-114 or this section relating to payment of
retirement contributions to a public or private retirement
system, employer and employee contributions for any public or
private retirement or pension system plan, not to exceed five
thousand dollars ($5,000.00) per person per year, may be paid by
the Wyoming adjutant general, if the payment is permitted by the
Internal Revenue Code, for any person whose primary occupation
is that of a first responder and who is called or ordered into
the federal service of the United States under title 10 of the
United States Code.
(f) The provisions of subsection (e) of this section shall
also apply to any Wyoming resident whose primary occupation is
that of a first responder when that person is called or ordered
into federal service with a national guard unit in any state in
the United States. The adjutant general shall promulgate rules
and regulations for the administration of the payments
authorized under subsection (e) of this section which rules
shall provide a method for application for persons not serving
in the Wyoming national guard and which shall establish a method
for prorating payments where insufficient funds exist to make
full payment on behalf of all qualifying persons.
(g) The adjutant general shall report annually, no later
than October 1, to the joint transportation, highways and
military affairs interim committee. The report shall include
the number of persons who qualified for the contributions under
subsections (e) and (f) of this section, a listing of the
civilian classifications of the persons applying for the
contributions and the total amount expended for the
contributions.