15-5-421. Contribution by employer.
Each employer shall make monthly contributions to the account in an amount equal to the percentage contribution rate multiplied by the salaries paid to members of the account. The contribution rate, expressed as a percentage, shall be based on the results of actuarial valuations made at least every three (3) years. The city's contribution rate shall be comprised of the normal cost plus the payment required to amortize the actuarial liability over a period of thirty (30) years calculated on the basis of an amortization policy approved by the board.
Structure Wyoming Statutes
Chapter 5 - Fire and Police Departments
Article 4 - Firemen's Pension Account Reform Act of 1981
Section 15-5-402 - Definitions.
Section 15-5-403 - Eligibility for Service Pension.
Section 15-5-404 - Vesting Rights; Return to Service.
Section 15-5-405 - Eligibility for Disability Pension.
Section 15-5-406 - Survivor Benefits.
Section 15-5-407 - Payment of Service or Early Retirement Pensions.
Section 15-5-408 - Payment of Disability Pension.
Section 15-5-409 - Amount of Service Pension.
Section 15-5-411 - Amount of Disability Pension.
Section 15-5-412 - Amount of Survivor's Pension.
Section 15-5-413 - Optional Forms of Benefits.
Section 15-5-414 - Death Benefit.
Section 15-5-415 - Withdrawal Benefit.
Section 15-5-417 - Application of Benefits.
Section 15-5-418 - Election of Membership.
Section 15-5-419 - Dual Membership Prohibited.
Section 15-5-420 - Member Contributions.