§ 36-13-1 Deferred compensation plans authorized
§ 36-13-1.1 State investment commission
§ 36-13-2 Entering into agreements
§ 36-13-3 Administration of program
§ 36-13-4 “Employee” defined
§ 36-13-5 Annuity and insurance contracts
§ 36-13-6 Other benefits unaffected
§ 36-13-7 Financial liability limitations
§ 36-13-8 Severability

Terms Used In Rhode Island General Laws > Chapter 36-13 - Deferred Compensation Plans

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
  • town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9