Arkansas Code Title 21, Chapter 5, Subchapter 5 - Deferred Compensation

• § 21-5-501 - Definition.
  For the purpose of this subchapter, "employee" means any person, partnership, or professional association whether appointed, elected, or under contract, providing services for the...
• § 21-5-502 - Applicability.
  This subchapter shall apply to all deferred compensation plans adopted by agencies subsequent to March 28, 1970, which shall all be subject to the...
• § 21-5-503 - Effect on Other Benefits.
  The deferred compensation program established by this subchapter shall exist and serve in addition to retirement, pension, or benefit systems established by the state,...
• § 21-5-504 - Authority of State or Political Subdivision.
  (a) (1) The state or a county, city, town, or other political subdivision may agree, by contract, with an employee to defer, in whole...
• § 21-5-505 - Authority of the Department of Finance and Administration.
  (a) The Department of Finance and Administration is authorized to enter into contractual agreements with employees on behalf of the state to defer any...
• § 21-5-506 - Administration of Programs.
  (a) (1) The administration of the state government employees' deferred compensation program shall be under the direction of the Executive Director of the Employee...
• § 21-5-507 - Payments by Administrator.
  (a) Notwithstanding any other provision of law to the contrary, the Executive Director of the Employee Benefits Division of the Department of Finance and...
• § 21-5-508 - Taxation of Deferred Income.
  A sum deferred under the deferred compensation program is not subject to income taxation until a distribution is made to the employee or beneficiary...
• § 21-5-509 - Exclusive Benefit.
  All amounts of compensation deferred pursuant to a deferred compensation program, all property and rights purchased with such amounts, and income attributed to such...
• § 21-5-510 - Liability of State or Political Subdivision.
  The financial liability of the state, county, city, town, or other political subdivision under a deferred compensation program authorized by this subchapter shall be...
• § 21-5-511 - Automatic Enrollment in Deferred Compensation Plan -- Definitions.
  (a) As used in this section: (1) "Deferred compensation plan" means the Arkansas Diamond Deferred Compensation Plan or subsequent deferred compensation plan administered by...

Last modified: November 15, 2016