Employer agreement

The board shall establish a written agreement for all employers, other than state departments, agencies, boards, or commissions, which appoint the state to administer their deferred compensation plan. This agreement includes requirement for the employer to adopt the board's rules, employers to make the requested payroll deductions upon proper application by the employee, remit the deductions directly to the board along with a listing of deferred compensation deductions for all employees participating in the plan, submit all provider participant contracts to the board, hold all participant account information as confidential, and notify the board within thirty days of participant's termination of employment.