Statutes > Kentucky Statutes > CHAPTER 18A STATE PERSONNEL > 18A.265 Deferred compensation program to be in addition to retirement or benefit programs -- Coordination of programs.

18A.265 Deferred compensation program to be in addition to retirement or benefit programs -- Coordination of programs.

Download pdf

Loading PDF...


18A.265 Deferred compensation program to be in addition to retirement or benefit programs -- Coordination of programs. (1) Such a deferred compensation program shall be in addition to any retirement or any other benefit program provided by law for employees of this state. Any income <br>deferred under such a plan shall continue to be included as regular compensation for <br>the purpose of computing the retirement and pension benefits earned by any <br>employee. But, any sum so deducted shall not be included in the computation of any <br>income taxes withheld on behalf of any such employee. (2) The board shall, jointly with the board of trustees of the Kentucky retirement systems, prepare and implement a program for advising employees on coordinating <br>deferred compensation plans and retirement programs in order to achieve their <br>retirement objectives. Effective: July 15, 1982 <br>History: Amended 1984 Ky. Acts ch. 234, sec. 2, effective July 13, 1984. -- Repealed and reenacted as KRS 18A.265, 1982 Ky. Acts ch. 448, sec. 53, effective July 15, <br>1982. -- Created 1974 Ky. Acts ch. 143, sec. 8. Formerly codified as KRS 18.580.