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The board shall pick, by way of competitive bidding and contracts, designs for obtain of fixed and variable annuities, discounts, mutual resources, insurance, and this kind of other investments since the board may possibly approve which are not in conflict Together with the State Structure and with the recommendation and approval of the State Treasurer.
The director or maybe the principal fiscal officer of each and every point out company, Section, board, Fee, institution or political subdivision might enter into contractual agreements with staff to defer any part of the worker's compensation.
The Deferred Compensation prepare shall run devoid of Price or legal responsibility into the point out, any of its departments, organizations, boards, commissions, institutions or political subdivisions apart from the incidental expenditure of administering the deduction of your deferred money and also the remittance thereof.
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