Section 176 - Contributions1. The full cost of premium or subscription charges for the long term care insurance plan established pursuant to this article shall be paid by the employee.2. The chief fiscal officer of a participating employer shall be authorized to deduct from the wages or salary paid to its employees who are participants in such long term care insurance plan the sums required to be paid by them under such plan.3. The president shall have power and authority to make such inspection of the employment and payroll records of any participating employer concerning any of its employees who are participants in such long term care insurance plan, as he or she may deem necessary.