§ 650 - Definitions - Vermont Statutes

§ 650. Definitions

The following definitions shall apply throughout this chapter unless the context requires otherwise:

(1) "Deferred compensation agreement" means any agreement authorized by this chapter entered into between a public agency and an employee of that agency providing for a reduction in the employee's compensation in return for the agency's promise to make deferred payments in the future.

(2) "Employee" means any employee of a public agency whether appointed, elected or under contract to whom compensation is paid.

(3) "Other public agency" means a public agency described in subdivision (4)(B) or (C) of this section.

(4) "Public agency" means:

(A) the state, acting as a single unit employer on behalf of the general assembly and state agencies, departments, boards or commissions;

(B) a county or municipality as defined in subdivision 4303(4) of Title 24; and

(C) a school district as defined in subdivision 11(a)(10) of Title 16 or a supervisory union as defined in subdivision 11(a)(23) of Title 16.

(5) "State board" means the Vermont state retirement board.

(6) "Teachers' board" means the Vermont state teachers' retirement board. (Added 1973, No. 175 (Adj. Sess.), eff. July 1, 1973; amended 1979, No. 59, § 16; 1997, No. 68 (Adj. Sess.), § 5, eff. March 1, 1998; 2007, No. 162 (Adj. Sess.), § 1, eff. May 20, 2008.)