§ 488 - Payment of contributions - Vermont Statutes

§ 488. Payment of contributions

The contributions computed under section 487 of this title together with a pro rata share of the cost of the administration of the Vermont state retirement system based upon the payroll of the employees of the employer who are members shall be certified by the retirement board to the chief fiscal officer of the employer. The amounts so certified shall be a charge against the employer. The chief fiscal officer shall pay to the state treasurer the amount certified by the retirement board as payable under the provisions of this subchapter, and the state treasurer shall credit such amounts to the fund of the Vermont state retirement system. (Added 1971, No. 231 (Adj. Sess.), § 4; amended 2007, No. 13, § 19.)