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