(a) All plans of deferred compensation which may be adopted shall provide that each
participating employee will be furnished a quarterly statement of the employee's account,
on a form approved by the Board, showing at least the amount of income deferred, the
investments purchased and the charges assessed on such purchases.
(b) Each plan of deferred compensation which may be adopted shall provide that in
the event of nonrenewal or termination, all accounts enrolled in the plan, including
all records, investments and proceeds thereof, shall be transferred to an agent designated
by the Board.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.