Participation in tax - sheltered annuities authorized--Salary deductions

The state and its political subdivisions and their employees may participate in tax - sheltered annuities or accounts, or both. The employees may authorize their employer to withhold a designated amount from their salary for a retirement annuity or accounts, or both, purchased for their benefit. Source: SL 1963, ch 329 ; SL 1989, ch 35 .