The city participates in the state public employee’s deferred compensation plan. Employees have the ability to choose from qualified plans and can defer a portion of their salary until future years. The city does not match contributions to this plan on behalf of the employee. Participation in the plan is optional and participants in the plan are allowed to choose the investments for their deferrals from various fund types offered under the plan. For more information about state deferred compensation plans, contact the City Clerk or the state deferred compensation website:
https://www.kentuckyplans.com/iApp/tcm/kentuckyplans/about/index.jsp |