(a) The administration of the deferred compensation program for state employees is under the direction of the Department of Administration. A political subdivision coming under the provisions of this chapter shall designate the office or official to administer its program.
Terms Used In Alaska Statutes 39.45.020
Contract: A legal written agreement that becomes binding when signed.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(b) Payroll deductions are authorized by this chapter and shall be made by the appropriate payroll officer.(c) The administrator of a deferred compensation program may contract with a private person for providing consolidated billing and other administrative services. The administrator may contract with an insurance carrier to reimburse the state or political subdivision of the state for the cost of administering the deferred compensation program.(d) The administrator of a deferred compensation program under this chapter has the powers and duties with regard to the program as set out in Alaska Stat. § 14.25.003 and 14.25.004, as though those provisions applied to the program.
