Deferred Compensation Commission

Name Deferred Compensation Commission
Contact Person Ms. Virginia Burton - Chairperson
Mailing Address 9100 BLUEBONNET CENTRE BLVD., SUITE 203
Phone Number 225-926-8082
Fax Number 225-296-6832
Board Email
Legal Authority R.S. 42:1301-1308 and 457(b) of the IRC 1986
Year Created 1982
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
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $0      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Salaries:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
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:
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:
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.
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