Transfer of previously owned annuity to payment by public employer.

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3-10-7. Transfer of previously owned annuity to payment by public employer.

When a public employee has a tax-sheltered annuity prior to employment by the state or a political subdivision of the state, such employee shall have the privilege of transferring the periodic payments on such an annuity to the current employer.

Source: SL 1963, ch 329.


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