2015 Delaware Code
Title 29 - State Government
CHAPTER 60A. DEFERRED COMPENSATION FOR PUBLIC OFFICERS AND EMPLOYEES OF THE STATE
§ 6054 Administration; reports.
(a) The clerical administration of the deferred compensation program shall be the responsibility of the office of the State Treasurer.
(b) All plans of deferred compensation which may be adopted shall provide that each participating employee will be furnished a quarterly statement of the employee's account, on a form approved by the Council, showing at least the amount of income deferred, the investments purchased and the charges assessed on such purchases.
(c) Each plan of deferred compensation which may be adopted shall provide that in the event of nonrenewal or termination, all accounts enrolled in the plan, including all records, investments and proceeds thereof, shall be transferred to an agent designated by the Council.
(d) At the close of the fiscal year, the office of the State Treasurer, at the direction of the Council, shall prepare an annual report for submission to the Governor and the General Assembly. Such reports shall summarize the activities of the Council during the preceding year and shall report on the status of the deferred compensation program and its various elements.
60 Del. Laws, c. 146, § 1; 70 Del. Laws, c. 186, § 1.;
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