105.900. Employee defined--limitations--tax exempt, when.
Employee defined--limitations--tax exempt, when.
105.900. 1. As herein provided, "employee" means anyperson*, including elected or appointed officials, receivingcompensation from the state, city, county, or other politicalsubdivision for services rendered, including salaried persons.In no event shall the total of the amount of deferredcompensation to be set aside under a deferred compensationprogram and the employee's nondeferred income for any year exceedthe total annual salary or compensation under the existing salaryschedule or classification plan applicable to such employee insuch year.
2. The deferred compensation program established by sections105.900 to 105.925, shall exist and serve in addition toretirement, pension and benefit systems established by the stateor political subdivision. Any income deferred under such a planshall continue to be included as regular compensation for thepurpose of computing the retirement and pension benefits earnedby any employee. However, any sum deferred under the deferredcompensation program shall be exempt from taxation by this stateto the same extent as it is exempt from income tax imposed by theUnited States.
(L. 1974 H.B. 1112 § 1)*Word "persons" appears in original rolls.