The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
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. § 653)-
§ 653. Supplementary payments
Any deferred compensation agreement made pursuant to this chapter shall be in addition to any retirement, pension or benefit programs otherwise available to employees of the public agency entering into the agreement. Furthermore, the current compensation of any employee agreeing to a current reduction under subsection 651(a) of this title shall be deemed to include the amount of any such reduction for the purpose of determining the employee’s benefits under any retirement, pension or benefit programs otherwise available to the employee. (Added 1973, No. 175 (Adj. Sess.), eff. July 1, 1973.)
