§ 1311. Payments. Employee contributions deducted by the participating
employer through payroll deduction shall be remitted by the
participating employer to the program using one or more payroll
deduction IRAs established or authorized by the board under this
article, either:

1. on or before the last day of the month following the month in which
the compensation otherwise would have been payable to the employee in
cash; or

2. before such later deadline prescribed by the board for making such
payments, but not later than the due date for the deposit of tax
required to be deducted and withheld relating to collection of income
tax at source on wages or for the deposit of tax required to be paid
under the unemployment insurance system for the payroll period to which
such payments relate.