Deferred Compensation Commission
| Name | Deferred Compensation Commission |
| Contact Person | Ms. Beverly Hodges - Chairperson |
| Mailing Address |
9100 BLUEBONNET CENTRE BLVD., SUITE 203 BATON ROUGE, LA 70809 |
| Phone Number | 225-663-5501 |
| Fax Number | 225-296-6832 |
| Board Email | Shannon.dyse@empower.com |
| Website | www.louisianadcp.com |
| Legal Authority | R.S. 42:1301-1308 and 457(b) of the IRC 1986 |
| Year Created | 1982 |
| Organizational Placement | LA DEFERRED COMPENSATION PLAN |
| Purpose/Function | Oversee the State of Louisiana Public Employees' Deferred Compensation Plan authorized under IRS Code 457 |
| Number of Entity Members: |
Number Authorized: 9
Number Currently Serving: 9 |
| Number of Entity Meetings: |
Actual number in prior year: 11
Estimated number in current year: 11 |
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The Entity is: Active Inactive Not fully organized Disbanded Never fully organized |
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Do members receive per diem, salaries, and/or travel expense reimbursements? Yes No |
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Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds? Yes No |
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Entity Member Per Diem: Amount Authorized: $0 per meeting per meeting day per day spent on board business None |
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Total entity member per diem: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Salaries: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Travel Expense Reimbursement: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 0 Part-time: 0 |
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Entity Fiscal Year End: 4/30 7/31 10/31 Other (identify date) 6/30 9/30 12/31 None |
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Participation in State Employee Benefit Programs: Employees: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs Members: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs |
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A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments State Agency: Travel Reimbursements State Agency: Other (explain) State Agency: |
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Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2? Yes No If yes, identify the budget unit and the budget schedule number below: Budget Unit Name: Budget Schedule Number: |
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| Notes | There are expenses associated with managing and administering the Deferred Compensation Program however, the Commission receives no outside funds for this purpose. The Commission does have an established expense fund which is funded by participant fees and is used to pay record keeper fees, fund manager fees, custodial banking and trust fees, legal services, and authorized commission member incurred expenditures etc. associated with the program. |