| (a) The system may require participating municipalities
to prorate contributions for an employee whose compensation is subject
to and exceeds the compensation limit set pursuant to 26 U.S.C. §401(a)(17)
("Compensation Limit") by calculating the employee's contributions
based on the Compensation Limit prorated equally over the remaining
months in the calendar year.
(b) If an employee for which a municipality is making
prorated contributions pursuant to subsection (a) of this section
separates from service with the municipality prior to the end of the
calendar year, the municipality shall make additional contributions
to the system based on the actual compensation paid to the employee,
up to the amount of the Compensation Limit, prior to separation from
service by the employee.
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