If an amount payable for retirement fund contributions by a state employee to the state employees' retirement system under the provisions of section 5-167 of the general statutes is equal to or in excess of two hundred dollars, and if the employee so elects in writing to the state employees' retirement commission, such amount may be paid by equal deductions from each regular payment of salary or wages provided each such payroll deduction shall be at least ten dollars and the total contributions due shall be paid over a period not to exceed thirty-six months.
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