{"data":{"id":"us-dc/d.c.-code-47-3602","jurisdiction":"us-dc","citation":"D.C. Code § 47-3602","heading":"Regulations.","body":"The Mayor shall promulgate regulations which enable employees to participate in a voluntary tax-sheltered income deferment program which meets the requirements of § 457 of the Internal Revenue Code of 1954  , and the regulations and interpretations thereunder. The regulations shall include, but not be limited to:\n\n(1)\nProvision for the receipt of the compensation deferred and for the use of such funds in accordance with any investment election permitted employees participating in the employee deferred compensation program;\n\n(2)\nProvision for a contract agreement between the Mayor and any employee who desires to defer compensation under the employee deferred compensation program;\n\n(3)\nProvision for and limitations on the types of instruments, securities, accounts or other items in which compensation deferred under the employee deferred compensation program may be invested; and\n\n(4)\nRules to implement the Deferred Compensation Program Enrollment Amendment Act of 2018 [(Law 22-102)] within 180 days of [June 5, 2018].","path":["Title 47. Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]","Chapter 36. Employee Deferred Compensation Program."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/47-3602","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b1c0013f2a4a297704375005a50d7e0193b8bca6da6248e6d39eeea1136c2061","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-47-3601","next":"us-dc/d.c.-code-47-3603"},"notice":"GroundRules: Original legal text. Not legal advice."}