Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 15-5-421 - Contribution by Employer — Wyoming Law | CourtGPT
  1. Home/
  2. Laws/
  3. Wyoming/
  4. Title 15 - Cities and Towns/
  5. Chapter 5 - Fire and Police Departments/
  6. Article 4 - Firemen's Pension Account Reform Act of 1981/
  7. Section 15-5-421 - Contribution by Employer
Wyoming Legal Code

Section 15-5-421 - Contribution by Employer

Ask AI about this
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.