Section 24-5-109 - Employer contributions(a) An employer contribution shall be a set percentage rate of the compensation of the employee as defined in § 24-5-101 and described in § 24-5-202.(b)(1) The Board of Trustees of the Arkansas State Highway Employees' Retirement System shall propose a set percentage rate after receiving recommendations from the actuary for the system.(2) The employer contribution rate recommended by the board shall be approved by the State Highway Commission.(3) The percentage rate shall not be less than twelve and nine-tenths percent (12.9%) of compensation.(4) The employer contribution rate shall be recommended based on a contribution policy established by the board.(5) The system shall use the contribution rate last approved by the commission until a new contribution rate is approved by the commission.Amended by Act 2021, No. 137,§ 1, eff. 7/28/2021.Amended by Act 2019, No. 295,§ 2, eff. 7/1/2019.Acts 1949, No. 454, § 10; 1953, No. 403, § 8; 1969, No. 167, § 6; 1975, No. 599, § 2; 1977, No. 722, § 2; 1979, No. 821, § 1; 1981, No. 295, §§ 8-10; A.S.A. 1947, § 76-1910.