(a) The Department of Finance and Administration is authorized to enter into contractual agreements with employees on behalf of the state to defer any portion of that employee's future compensation.
(b) The department may, upon request, designate an officer or officers within any state agency, department, board, commission, or institution to enter into such contractual agreements with employees of that particular state agency, department, board, commission, or institution.
Structure Arkansas Code
Title 21 - Public Officers and Employees
Chapter 5 - Compensation and Benefits
Subchapter 5 - Deferred Compensation
§ 21-5-503. Effect on other benefits
§ 21-5-504. Authority of state or political subdivision
§ 21-5-505. Authority of Department of Finance and Administration
§ 21-5-506. Administration of programs
§ 21-5-507. Payments by administrator
§ 21-5-508. Taxation of deferred income
§ 21-5-510. Liability of state or political subdivision
§ 21-5-511. Automatic enrollment in deferred compensation plan — Definitions