KRS 18A.265: Deferred compensation program to be in addition to retirement or benefit

programs -- Coordination of programs.

(1) Such a deferred compensation program shall be in addition to any retirement or any

other benefit program provided by law for employees o f this state. Any income

deferred under such a plan shall continue to be included as regular compensation for

the purpose of computing the retirement and pension benefits earned by any

employee. But, any sum so deducted shall not be included in the computation of any

income taxes withheld on behalf of any such employee.

(2) The board shall, jointly with the board of trustees of the Kentucky retirement

systems, prepare and implement a program for advising employees on coordinating

deferred compensation plans and retirement programs in order to achieve their

retirement objectives.