The Vermont Statutes Online
The Vermont Statutes Online does not include the actions of the 2024 session of the General Assembly. We expect them to be updated by November 1st.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 3 : Executive
Chapter 022 : Deferred Compensation Programs
(Cite as: 3 V.S.A. § 650)-
§ 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.)
