Chapter 15 - Deferred Compensation Plan

7.1501 Definitions.

As used in this chapter, unless the context c…

7.1502 Territorial deferred compensation plan.

The Government, through a Board of Trustees,…

7.1503 Board of Trustees.

(a) The authority to establish the plan and m…

7.1504 Composition of the Board of Trustees.

The Board of Trustees shall consist of 7 memb…

7.1505 Appointment and terms.

(a) Except for the Director and Treasurer, th…

7.1506 Compensation and expenses.

Each trustee shall serve without compensation…

7.1507 Legal advisor.

The Attorney General or his designee shall be…

7.1508 Assest of the plan.

Assets of the plan, including funds deferred,…

7.1509 Investments.

The Board may create a trust or other special…

7.1510 Custodian of the funds.

The Treasurer shall be the custodian of the F…

7.1511 Limitation on liability.

The Government shall not be liable for the su…

7.1512 Deferred amounts as compensation.

Compensation deferred pursuant to a plan esta…

7.1513 Costs of the plan.

Costs for implementing and administering the…