| (a) The powers and duties of the board pursuant to §855.402
may be exercised or performed by the director or his or her designee.
(b) Certification to the system by a participating
municipality of the amount to be deducted from the compensation of
each member that it employs ("Member Contributions") and of the names
and monthly salaries of each employee of the municipality pursuant
to §855.402 of the Act shall be done at least monthly through
a system payroll report certified, either in writing or electronically,
by the municipality and submitted to the system. Submission of a certified
payroll report in accordance with this subsection by a municipality
shall satisfy any requirement in the Act for a municipality to certify
the Member Contributions or to provide a certified list of the names
and monthly and annual salaries for employees to the system before
January 31 of each year.
(c) Member Contributions deducted and paid pursuant
to §855.402 shall be for members who qualify as employees, as
defined in the Act, of the participating municipality.
(d) Payment of Member Contributions pursuant to §855.402
of the Act and municipality contributions pursuant to §855.403
of the Act shall be made by a participating municipality to the system
at least monthly by electronic funds transfer unless the municipality
provides written notice to the system of the reasons for which electronic
funds transfers are impractical for the municipality or more costly
to the municipality than otherwise.
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