19-20-1101. Withholding of group insurance premium from retirement allowance.
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/mt/title-19/chapter-20/part-11/19-20-1101·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
19-20-1101 . Withholding of group insurance premium from retirement allowance.
(1)A retired member who is a participant in an approved employer-sponsored group insurance plan may elect to have the monthly premium for the group insurance withheld from the member's retirement allowance by the retirement system. Premiums withheld must be paid directly to the sponsoring employer.
(2)Upon the death of a retired member, the joint annuitant or beneficiary, if eligible, may elect to continue to have the monthly insurance premium withheld from a monthly retirement benefit.
(3)Each month, using the retirement system's online employer reporting system, the employer shall commence withholding, cease withholding, or process any necessary adjustments to the premium amount on behalf of the benefit recipient, including verification that all authorized insurance deductions are correct.
(4)The employer shall notify the benefit recipient of any changes related to the premiums, including any changes to the premium amount, prior to the effective date of the change.