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The Vermont Statutes Online

 

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.)