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2.21.3102    DEFINITIONS

As used in this sub-chapter, the following definitions apply:

(1) "Assignee" means the financial institution or non-profit organization that receives the assigned portion of the employee's wages.

(2) "Assignor" means the state employee who assigns a portion of the employee's wages to a financial institution or a non-profit organization.

(3) "Central payroll" means the work unit located in the department of administration that is responsible for final payroll processing.

(4) "Financial institution" means any commercial bank, savings and loan association, or credit union.

(5) "Insurance" means the products offered by insurance companies authorized to conduct business in this state and that have been approved by the insurance commissioner pursuant to the applicable provisions of the laws governing the filing of insurance rates and forms.

(6) "Investment programs" mean annuities, bonds, retirement programs, and other legitimate investment opportunities.

(7) "Mandatory payroll deduction" means a deduction that is withheld from the employee's pay as required by law, a court, a collective bargaining agreement, or any other legal instrument.

(8) "Non-profit organization" means any charitable, educational or scientific organization which qualifies under federal tax law as an organization able to receive tax deductible contributions.

(9) "Voluntary payroll deduction" means an automatic deduction requested by a state employee to be withheld from the employee's state payroll warrant which is not otherwise provided for by federal or state law, rule, regulation, or collective bargaining agreement.

History: 2-18-401, MCA; IMP, 2-18-401 et seq. , MCA; NEW, 1997 MAR p. 2278, Eff. 12/16/97.

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