§5-10B-3a. Automatic enrollment.
(a) Every state employee commencing work on and after the
first day of July, two thousand seven, shall have a minimum of ten
dollars per pay period of his or her salary deferred to the state
deferred compensation plan unless the state employee provides
written notice declining to participate in accordance with the
Treasurer's guidelines. A state employee may change the
contribution amount or cease participating at any time. An
employee declining participation in the state deferred compensation
plan may elect to participate at a later time.
(b) A political subdivision may establish an automatic
enrollment program in a deferred compensation plan pursuant to this
article. A political subdivision employee may elect to not
participate in the deferred compensation plan at any time and to
change the contribution amount.