§ 21-19-103 — Contributions generally

(a) Except as provided under W.S. 21-19-102(d), the terms
and conditions of the Wyoming Retirement Act shall remain
effective as to all employees of the institution except that any
required employer and employee contributions thereunder which
are based upon an employee's annual salary rate in excess of six
thousand six hundred dollars ($6,600.00) may be paid for the
benefit of the employee in accordance with the institution's
retirement plan. The payments of employer and employee
contributions shall be in lieu of a portion of payments to the
Wyoming retirement account, and the full amount of payments is
subject to management and disposition in accordance with
contractual rights and obligations of the institution's
retirement plan. Any retirement plan shall provide that:
(i) Any employee whose annual salary rate is less
than eight thousand six hundred dollars ($8,600.00), or who is
sixty (60) years of age or more at the time an institutional
retirement plan becomes effective or his annual salary rate
exceeds eight thousand six hundred dollars ($8,600.00), shall
have the option to have all employer and employee contributions
paid to the Wyoming retirement account;
(ii) All employees whose annual salary rate exceeds
eight thousand six hundred dollars ($8,600.00) shall have all
employer and employee contributions based upon an annual salary
rate in excess of six thousand six hundred dollars ($6,600.00)
paid in accordance with the institution's retirement plan.