(a)In addition to the amount appropriated to the
firemen's pension account by W.S. 15-5-202, every paid fireman
may, at the discretion of the board, be assessed not more than
eight percent (8%) of his gross monthly salary for the use and
benefit of the account, up to the maximum monthly salary of a
fireman first class. Any salary assessment imposed under this
subsection shall be withheld monthly from his salary by the
treasurer or other disbursing officer of the city, town or
county.
(b)Repealed by Laws 1981, ch. 41, § 3.
(c)Repealed by Laws 1981, ch. 41, § 3.
(d)Upon a determination by the board in accordance with
subsection (g) of this section, every employer shall pay into
the account for each paid fireman it employs an amount not to
exceed twenty-one percent (21%) of the salary of
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(a) In addition to the amount appropriated to the
firemen's pension account by W.S. 15-5-202, every paid fireman
may, at the discretion of the board, be assessed not more than
eight percent (8%) of his gross monthly salary for the use and
benefit of the account, up to the maximum monthly salary of a
fireman first class. Any salary assessment imposed under this
subsection shall be withheld monthly from his salary by the
treasurer or other disbursing officer of the city, town or
county.
(b) Repealed by Laws 1981, ch. 41, § 3.
(c) Repealed by Laws 1981, ch. 41, § 3.
(d) Upon a determination by the board in accordance with
subsection (g) of this section, every employer shall pay into
the account for each paid fireman it employs an amount not to
exceed twenty-one percent (21%) of the salary of a fireman first
class. Any contributions imposed under this subsection,
together with the paid firemen's contributions, shall be
transferred and credited to the account in a manner as the board
directs. If the contributions are not transferred to the board
when due, they may be recovered, together with interest at the
rate of ten percent (10%) per annum in an action brought for
that purpose in the district court for the county in which the
employer has its principal office.
(e) The contributions required by subsection (a) of this
section shall be paid by the employer for paid firemen covered
under this article in order to be treated as employer
contributions for the sole purpose of determining tax treatment
under the United States internal revenue code.
(f) The contributions under subsection (e) of this section
shall be paid from the source of funds which is used in paying
salary to paid firemen covered under this article. The employer
may pay these contributions by a reduction in cash salary of the
paid firemen or by an offset against a future salary increase,
or by a combination of a reduction in salary and an offset
against a future salary increase, provided:
(i) No such salary reduction or offset, or
combination thereof, shall exceed the percentage amount actually
being deducted from an employee's salary for contributions to
the firemen's pension account as of July 1, 1983; and
(ii) Any employer may pay any amount of an employee's
share of retirement contributions without a salary reduction or
offset, or combination thereof.
(g) Based upon findings and recommendations of the Wyoming
retirement system actuary, the board shall determine if
contributions under subsections (a) and (d) of this section are
necessary for the continued payment of benefits under this
article. Any contributions imposed by the board upon paid
firemen and employers shall bear the ratio provided for the
maximum contribution rates authorized under subsections (a) and
(d) of this section. If contributions are reinstated at any
time following suspension of contributions, the board shall
provide notice of reinstated contributions to firemen and
employers not less than six (6) months prior to the date of
imposition.
(h) In addition to any other contribution required or
authorized by this section, on April 1, 2022 the board shall
assess employers for contributions in a total amount of twenty
million dollars ($20,000,000.00) in order to achieve a proper
actuarial funding level for the firemen's pension account in
accordance with the legislative findings under W.S 15-5-211. The
total assessment under this subsection shall be paid
proportionately by employers with payments allocated to each
employer by the board based upon the number of retirees,
surviving spouses or other dependents receiving benefits under
this article from the firemen's pension account as of April 1,
2022. The state treasurer shall provide a loan to each employer
for the payment required under this subsection which amounts
shall be credited to the Fire A legislative reserve account.
Loans under this subsection shall be repaid without interest
over a period of twenty (20) years in equal payments in the time
and manner required by the state treasurer and shall be
deposited in the legislative stabilization reserve account. If
repayment is not paid to the state treasurer when due, the state
treasurer shall make the delinquent payment as provided in W.S.
39-14-801(j) and 9-4-601(a)(xii). Any delinquency not satisfied
by those withholdings may be recovered in an action authorized
under subsection (d) of this section, together with interest on
the amount recovered as provided therein.