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18A.252 Inviolability of employee deferred compensation contributions to trust fund.

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Page 1 of 1 18A.252 Inviolability of employee deferred compensation contributions to trust fund. The contributions to the trust fund of participants' deferred compensation represent <br>private employee contributions. The assets and earnings of the trust fund shall at all times <br>be preserved, invested, and expended solely for the purposes of the trust and shall be held <br>in trust for the exclusive benefit of the participants and beneficiaries, and no right or <br>interest therein shall exist in favor of the Commonwealth. The assets and earnings shall <br>not be transferred or used by the Commonwealth for any purposes other than the purposes <br>of the trust fund. Effective: July 15, 2008 <br>History: Created 2008 Ky. Acts ch. 181, sec. 1, effective July 15, 2008.