Section 14-44-7 - Deferrals allowed; authorization; commencement(a) Only compensation from an employer which has not yet been paid shall be deferred under the plan.(b) Upon receipt of a payroll authorization form signed by the participant, which designates the amount of compensation to be deferred, compensation shall be deferred each payroll date by the employer, provided there are sufficient funds to make the designated deferral, or the deferred amount is in accordance with section 414(u) of the Code and as provided those amounts represent compensation prescribed under the Code. The authorization form shall be transmitted by the administrator to the state comptroller or county director of finance, as applicable.(c) The participant shall designate the amount to be deferred as either a pre-tax or Roth contribution, as allowable under section 457 of the Code.(d) An amount designated to be deferred as a Roth contribution shall be treated as a designated Roth contribution, and in accordance with sections 14-44-39 to 14-44-43.(e) Deferrals shall commence as soon as practicable, but not earlier than the first day of the next calendar month following the date on which the board accepts the participation agreement.[Eff. MAY 12 1983] (Auth: HRS § 88E-3) (Imp: HRS § 88E-3)