(a) Established. There is a pension fund for the Detention Officers' and Deputy Sheriffs' Retirement Plan.
(b) Employee contributions. A participant shall contribute to the pension fund through payroll deductions an amount equal to 6.75% of the participant's annual basic pay in each calendar year or portion of a calendar year while an active participant in the plan.
(c) Contributions not required. A participant is not required to make contributions:
(1) in any calendar year after the calendar year in which the participant completes actual plan service plus transferred service under § 5-1-302 totaling 30 years; or
(2) on or after the participant's date of death, date of termination of employment, date of disability, or date of retirement, whichever date is earliest.
(d) Employer contributions. The employer will "pick-up" the employee contributions described in subsection (b) in accordance with 26 U.S.C. § 414(h)(2) of the Internal Revenue Code and a participant will have no option of receiving the "picked-up" contributions directly so that for tax purposes these contributions will be treated as employer contributions.
(1985 Code, Art. 7, § 6-103) (Bill No. 90-01; Bill No. 32-04; Bill No. 66-05; Bill No. 41-10; Bill No. 30-12)