Section 3-10-7 - Transfer of previously owned annuity to payment by public employer

3-10-7. Transfer of previously owned annuity to payment by public employer.When a public employee has a tax-sheltered annuity prior to employment by the state or a political subdivision of the state, such employee shall have the privilege of transferring the periodic payments on such an annuity to the current employer. Source: SL 1963, ch 329.