or Suspension of Contributions
A member may change or suspend the
elected percentage rate of contributions at the beginning of any
calendar quarter. All changes (increase or decrease) in the percentage
rate of contribution must be made on a Trust Change
of Contribution Rate Request Form.
The maximum dollar amount that members
are permitted to contribute annually in 2010
is $16,500, in accordance with the federal Internal Revenue Code.
Contributions are made through payroll deductions.
The member must complete the form
and have it certified by the authorized personnel representative.
The form must be received by the Division of Pensions and Benefits,
SACT Section, 30 days before the beginning of the calendar quarter.
Once a change has been processed, the employer will receive confirmation
copies of the new certification of payroll deductions. All requests
become effective at the start of the next calendar quarter.