18A.230 Definitions.
As used in KRS 18A.230 to 18A.275, unless the context requires otherwise: <br>(1) "Employee" means a person holding an office, position or employment in state
government and agencies thereof and also includes persons in the public school <br>system;
(2) "Income" means earnings of a person while an employee of the state and agencies
thereof or public school system;
(3) "Asset" means any owned physical object or right having a monetary value; <br>(4) "Trust fund" means a fund consisting of assets received and held by a government
unit or its designated custodian to be expended or invested in accordance with <br>conditions of the trust;
(5) "Deferred compensation" means a method which allows employees to authorize
income to be deducted from their current earning and set aside to be paid at a later <br>date;
(6) "Board" means the board of trustees as established by KRS 18A.245; and <br>(7) "Authority" means the Kentucky Public Employees' Deferred Compensation
Authority.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 122, sec. 1, effective July 15, 2010. -- Repealed,
reenacted, and amended as KRS 18A.230, 1982 Ky. Acts ch. 448, sec. 46, effective <br>July 15, 1982. -- Created 1974 Ky. Acts ch. 143, sec. 2.
Formerly codified as KRS 18.510.
18A.230 Definitions.
As used in KRS 18A.230 to 18A.275, unless the context requires otherwise: <br>(1) "Employee" means a person holding an office, position or employment in state
government and agencies thereof and also includes persons in the public school <br>system;
(2) "Income" means earnings of a person while an employee of the state and agencies
thereof or public school system;
(3) "Asset" means any owned physical object or right having a monetary value; <br>(4) "Trust fund" means a fund consisting of assets received and held by a government
unit or its designated custodian to be expended or invested in accordance with <br>conditions of the trust;
(5) "Deferred compensation" means a method which allows employees to authorize
income to be deducted from their current earning and set aside to be paid at a later <br>date;
(6) "Board" means the board of trustees as established by KRS 18A.245; and <br>(7) "Authority" means the Kentucky Public Employees' Deferred Compensation
Authority.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 122, sec. 1, effective July 15, 2010. -- Repealed,
reenacted, and amended as KRS 18A.230, 1982 Ky. Acts ch. 448, sec. 46, effective <br>July 15, 1982. -- Created 1974 Ky. Acts ch. 143, sec. 2.
Formerly codified as KRS 18.510.
18A.230 Definitions.
As used in KRS 18A.230 to 18A.275, unless the context requires otherwise: <br>(1) "Employee" means a person holding an office, position or employment in state
government and agencies thereof and also includes persons in the public school <br>system;
(2) "Income" means earnings of a person while an employee of the state and agencies
thereof or public school system;
(3) "Asset" means any owned physical object or right having a monetary value; <br>(4) "Trust fund" means a fund consisting of assets received and held by a government
unit or its designated custodian to be expended or invested in accordance with <br>conditions of the trust;
(5) "Deferred compensation" means a method which allows employees to authorize
income to be deducted from their current earning and set aside to be paid at a later <br>date;
(6) "Board" means the board of trustees as established by KRS 18A.245; and <br>(7) "Authority" means the Kentucky Public Employees' Deferred Compensation
Authority.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 122, sec. 1, effective July 15, 2010. -- Repealed,
reenacted, and amended as KRS 18A.230, 1982 Ky. Acts ch. 448, sec. 46, effective <br>July 15, 1982. -- Created 1974 Ky. Acts ch. 143, sec. 2.
Formerly codified as KRS 18.510.
