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2011 Vermont Code
Title 03 Executive
Chapter 22 DEFERRED COMPENSATION PROGRAMS
§ 650 Definitions

Universal Citation:
3 VT Stats § 650. (2011 through Adj Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.

§ 650. Definitions

The following definitions shall apply throughout this chapter unless the context requires otherwise:

(1) "Deferred compensation agreement" means any agreement authorized by this chapter entered into between a public agency and an employee of that agency providing for a reduction in the employee's compensation in return for the agency's promise to make deferred payments in the future.

(2) "Employee" means any employee of a public agency whether appointed, elected or under contract to whom compensation is paid.

(3) "Other public agency" means a public agency described in subdivision (4)(B) or (C) of this section.

(4) "Public agency" means:

(A) the state, acting as a single unit employer on behalf of the general assembly and state agencies, departments, boards or commissions;

(B) a county or municipality as defined in 24 V.S.A. { 4303(12); and

(C) a school district as defined in 16 V.S.A. { 11(a)(10) or a supervisory union as defined in 16 V.S.A. { 11(a)(23).

(5) "State board" means the Vermont state retirement board.

(6) "Teachers' board" means the Vermont state teachers' retirement board. (Added 1973, No. 175 (Adj. Sess.), eff. July 1, 1973; amended 1979, No. 59, { 16; 1997, No. 68 (Adj. Sess.), { 5, eff. March 1, 1998; 2007, No. 162 (Adj. Sess.), { 1, eff. May 20, 2008.)

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