Sec.
§
287.440
Governing body may appoint committee to administer program; powers of committee.
1.
The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:
(a)
Collection of deferred compensation;
(b)
Transmittal of money collected to depositories within the State; and
(c)
Payment of deferred compensation to participating employees.
2.
The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:
(a)
Consolidated billing;
(b)
Recordkeeping for each participating employee and the program;