Relating to contributions to retirement plans.

Permits employer to make deduction from employee's wages for contribution to individual account for employee's benefit in plan maintained under section 125, 401(k), 403(b), 408, 408A or 457 of Internal Revenue Code if employee is given certain notices and right to cancel or change contribution. Requires governing board of public university to contribute four percent of employee's salary to Optional Retirement Plan in each month in tax year after employee contributes maximum amount allowed to tax-deferred investment plan.