Home/Wyoming/Statutes/Title 21: Education/Ch. 19: HIGHER EDUCATION RETIREMENT/§ 21-19-104
Wyoming Statutes

§ 21-19-104 — Retirement annuity policies

Wyoming·Title 21 Education·Ch. 19 HIGHER EDUCATION RETIREMENT
Any retirement plan established pursuant to W.S. 21-19-102 shall provide for the purchase of retirement annuity policies for the contributing employees. Rights and benefits of the annuity contracts shall vest in the employee. Annuity contracts may be made transferable from one (1) institution to another and provide acceptance of service of process by the issuer of the policy within the home state of the policyholder.

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Nearby Sections

6
§ 21-19-101
Short title
§ 21-19-102
Authorization of supplemental retirement plan; conditions for participation
§ 21-19-103
Contributions generally
§ 21-19-104
Retirement annuity policies
§ 21-19-105
Rules and regulations; further provisions as to contributions
§ 21-19-106
Except as provided under W.S. 21-19-102(d), a retirement plan may require a minimum dollar contribution by employees whose annual salary rate is less than eight thousand six hundred dollars ($8,600.00), and may permit employees to make voluntary additional contributions to be withheld from salary payments and paid into the retirement plan for the employee's benefit. In no event shall the total employer contribution to the Wyoming retirement account and the institution's retirement plan exceed the amount that may be authorized by the Wyoming Retirement Act
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