§ 9-3-409 — Retirement board; rules and regulations; powers and privileges required to perform functions; requiring employers to furnish information and keep records

Wyoming § 9-3-409

• Jurisdiction: Wyoming
• Title 09: Administration of the Government
• Ch. 3: COMPENSATION AND BENEFITS
• Art. 4: RETIREMENT

Text

(a) The retirement board shall adopt rules and regulations
for the administration of the retirement system and the control
and disbursement of its assets, the administration of the
Wyoming deferred compensation program established under W.S. 9-
3-501 through 9-3-508 and shall have the powers and privileges
required in the performance of its functions under this article
and W.S. 9-3-501 through 9-3-508.
(b) The board shall:
(i) Regulate the duties of participating employers
imposed by this article;
(ii) Specify the time, place, amount and manner in
which contributions shall be withheld and paid;
(iii) Require employers to furnish information in
written or electronic format and keep records necessary for the
discharge of its duties under this article. The board shall
assist employers in complying with any electronic reporting
requirements imposed under this paragraph;
(iv) Require any county memorial hospital or special
hospital district electing to participate in the Wyoming
retirement system to provide written notice to the board of its
election pursuant board issued guidelines. The board shall not
implement coverage for any county memorial hospital or special
hospital district employee until funds payable to the Wyoming
retirement system are received for deposit into the retirement
account, as necessary for maintaining the actuarial integrity of
the account and funding all liability arising under this act,
for years of service prior to the date of entry or expansion of
coverage.