Section 35-9-628 - Deposit of tax on fire insurance premiums into account(a) As provided in this subsection, the state treasurer shall deposit into the account up to one hundred percent (100%) of the gross tax levied upon fire insurance premiums paid to insurance companies for fire insurance in the state of Wyoming for the preceding calendar quarter, as computed under W.S. 26-4-102(b)(ii) and provided by W.S. 26-4-103(k). The sum specified shall be calculated by the Wyoming retirement system: (i) Before giving effect to any premium tax credits which may otherwise be provided by law; and(ii) To achieve one hundred seven percent (107%) funding of the account, taking into account the benefits and employee contribution specified in W.S. 35-9-621 and actuarial assumptions adopted by the Wyoming retirement board;(iii) After the account achieves one hundred seven percent (107%) actuarial funding, the board shall recommend a funding amount of not less than sixty percent (60%) of the gross tax levied upon fire insurance premiums. A recommended funding amount under this section in an amount greater than sixty percent (60%) which results in an actuarial funding level greater than one hundred seven percent (107%) requires approval of the legislature.Amended by Laws 2020 , ch. 107, § 1, eff. 7/1/2020.Amended by Laws 2019 , ch. 83, § 1, eff. 7/1/2019.Added by Laws 2015 , ch. 32, § 1, eff. 7/1/2015.