The board is authorized to develop and adopt a deferred compensation plan that benefits county employees covered by the retirement system, and those employees who have opted out of such system, and meets the requirements of 26 U.S.C. 457. Any deferred compensation plan sponsored by a county that participates in the retirement system shall be eligible for consolidation with the plan adopted by the board within a reasonable time of this adoption.
Mo. Rev. Stat. § 50.1300
Deferred compensation plan authorized — consolidation permitted, when
Known as the The County Budget Law
The act spans §§ 50–50 (120 sections).
Effective: 01 Jan 2000, see footnote; (L. 1999 S.B. 308 & 314 merged with S.B. 467)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.