Delaware SB20 amends employer contributions to deferred compensation plans for state employees.
Delaware SB20 amends Title 29 of the Delaware Code to modify employer contributions to deferred compensation plans for state employees. The bill increases the maximum annual match to $20, effective from the date of enactment. It also allows qualified participants to receive employer contributions based on their qualified student loan payments, subject to federal law. The Board is tasked with approving plan amendments and establishing a certification process for student loan payments.
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