§16-25C-2. Definitions.  


Latest version.
  • As used in this chapter, the following terms have the following meanings:

    (1) BOARD. The Board of Control of the Public Education Employees' Defined Contribution Savings Fund.

    (2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service.

    (3) FUND. The Public Education Employees' Defined Contribution Savings Fund.

    (4) PARTICIPANT. A person who elects to participate in the fund who makes voluntary employee contributions into a 457 deferred compensation plan or a 403(b) tax sheltered annuity plan and who is a member of the Teachers' Retirement System.

(Act 2001-704, p. 1562, §2.)