7.1512 Deferred amounts as compensation.

Cite as [A.S.C.A. § 7.1512 ]

Compensation deferred pursuant to a plan established under this chapter shall be deemed regular compensation for the purpose of computing contributions to or benefits under existing retirement, pension, or social security systems applicable to participating employees, but shall not be included in the computation of income taxes withheld on behalf of any participating employees.

History: 1986, PL 19-55 § 1.