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SB 509, 69th R.S.
Authorizing the Comptroller of Public Accounts to adopt a deferred compensation plan in accordance with the federal revenue act of 1978, Public Law No. 95-600, including the establishment of a trust to hold the contributions to the plan, a method to select vendors for the plan, establishing a loan program as authorized by the plan and allowing for salary deductions to repay loans.

Last action: Referred to State Affairs

Author: John Montford

State Employees

Senate Committee: State Affairs (Ray Farabee, Glenn Kothmann, Roy Blake, Chet Brooks, Chet Edwards, O.H. Harris, Don Henderson, Ed Howard, John Leedom, Ted Lyon, Bob McFarland, Bill Sarpalius, Craig Washington)

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