Section 650 - DefinitionsThe following definitions shall apply throughout this chapter unless the context requires otherwise:
(1) "Deferred compensation agreement" means any agreement authorized by this chapter entered into between a public agency and an employee of that agency providing for a reduction in the employee's compensation in return for the agency's promise to make deferred payments in the future.(2) "Employee" means any employee of a public agency whether appointed, elected or under contract to whom compensation is paid.(3) "Other public agency" means a public agency described in subdivision (4)(B) or (C) of this section.(4) "Public agency" means:(A) the State, acting as a single unit employer on behalf of the General Assembly and State agencies, departments, boards, or commissions;(B) a county or municipality as defined in 24 V.S.A. § 4303(12); and(C) a school district as defined in 16 V.S.A. § 11(a)(10) or a supervisory union as defined in 16 V.S.A. § 11(a)(23).(5) "State Board" means the Vermont State Retirement Board.(6) "Teachers' Board" means the Vermont State Teachers' Retirement Board.Added 1973, No. 175 (Adj. Sess.), eff. 7/1/1973; amended 1979, No. 59, § 16; 1997, No. 68 (Adj. Sess.) , § 5, eff. 3/1/1998; 2007, No. 162 (Adj. Sess.) , § 1, eff. 5/20/2008.