Current through 2024 Legislative Session Act Chapter 531
Section 6062 - Roth savings option(a) The Board shall ensure that 403(b) and 457(b) [ 26 U.S.C. §§ 403(b) and 457(b) ] retirement plans allow participants the option to designate their contributions into the plans as Roth contributions.(b) The Office of Management and Budget shall make all necessary changes to the state employee payroll system necessary to facilitate the addition of a Roth option to state 403(b) and 457(b) retirement plans for state employees.(c) The State Treasurer shall take all necessary steps to facilitate the addition of a Roth option to state 403(b) and 457(b) retirement plans.Amended by Laws 2015, ch. 295,s 3, eff. 7/1/2016.Added by Laws 2013, ch. 372,s 1, eff. 7/30/2014.