Wyoming § 9-3-503 Investment of deferred compensation; limitation
on approved investment plans; enrolling and servicing fees;
holding of funds; limited liability of state and political
subdivision

Wyoming Statutes

§ 9-3-503 — Investment of deferred compensation; limitation on approved investment plans; enrolling and servicing fees; holding of funds; limited liability of state and political subdivision

Wyoming § 9-3-503

Title 09Administration of the Government

Ch. 3COMPENSATION AND BENEFITS

Art. 5DEFERRED COMPENSATION PROGRAM

This text of Wyoming § 9-3-503 (Investment of deferred compensation; limitation on approved investment plans; enrolling and servicing fees; holding of funds; limited liability of state and political subdivision) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 9-3-503 (2026).

Text

(a)The board may approve investment of deferred compensation in insurance and annuity contracts or other investment plans upon competitive bidding. No investment plan shall be approved unless the plan is offered by a provider and is subject to rules and regulations of applicable federal and state regulatory agencies. The board may establish an account for the purpose of conducting the daily financial operations of the program and to avoid having to liquidate investments prior to maturity. The funds in this account shall be invested in, and be subject to the same terms and conditions as the pools for investments established under W.S. 9-1-416 and 9-4-831(a)(xxvii).

(b)The board may establish by contract the fees for enrolling program participants and servicing participant accounts with pr

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(a) The board may approve investment of deferred
compensation in insurance and annuity contracts or other
investment plans upon competitive bidding. No investment plan
shall be approved unless the plan is offered by a provider and
is subject to rules and regulations of applicable federal and
state regulatory agencies. The board may establish an account
for the purpose of conducting the daily financial operations of
the program and to avoid having to liquidate investments prior
to maturity. The funds in this account shall be invested in, and
be subject to the same terms and conditions as the pools for
investments established under W.S. 9-1-416 and
9-4-831(a)(xxvii).
(b) The board may establish by contract the fees for
enrolling program participants and servicing participant
accounts with providers. Fees shall be established at amounts
necessary to maintain the account balance in accordance with
W.S. 9-3-507.
(c) All compensation deferred pursuant to this article and
all earnings thereon shall be held in trust or pursuant to
custodial accounts or contracts meeting the requirements of 26
USC 457(g) and for the exclusive benefit of program participants
and their beneficiaries. An account is established to be used by
the board for depositing deferred compensation and earnings on
deferred compensation as necessary to fulfill the requirements
of this article. Funds in the account shall be held separately
from all other funds and monies held by the state and shall be
expended only as provided by this article and pursuant to
written agreements entered into under this article.
Notwithstanding the provisions of this subsection, the financial
liability of the state, county, city, town or other political
subdivision is limited to the value of the investment plan
purchased.