Sec. 1. 5 MRSA §883, as amended by PL 1997, c. 204, §4, is further amended to read:

§883. Administration

Administration of tax-deferred arrangements under this chapter, within state agencies, departments, boards, commissions or institutions, is under the direction of the Council on Tax- deferred Arrangements, which serves as trustee of the deferred compensation program and which advises the Department of Administrative and Financial Services on deferred compensation issues. Each county, city, town or other political subdivision may designate an officer to administer tax-deferred arrangements. Payroll deductions must be made in each instance by the appropriate payroll officer.

Sec. 2. 5 MRSA §884, as amended by PL 1997, c. 204, §5 and PL 2001, c. 44, §11 and affected by §14, is further amended to read:

§884. Council on Tax-deferred Arrangements

The Advisory Council on Tax-deferred Arrangements, established by section 12004-I 12004-G, subsection 25 13-E, shall meet at least once a year, review the operations of the arrangements program and advise the Department of Administrative and Financial Services on matters of policy relating to the activities under the arrangements program. Members of the advisory council are entitled to compensation as provided in chapter 379. All appointed or elected members serve at the pleasure of their appointing or electing authorities. The advisory council consists of 6 members as follows.

1. Ex officio members; chair. The ex officio members of the Advisory Council on Tax-deferred Arrangements are: the Commissioner of Administrative and Financial Services, or the commissioner's designee; the Superintendent of Insurance, or the superintendent's designee; and the Superintendent of Financial Institutions, or the superintendent's designee. The Commissioner of Administrative and Financial Services, or a designee, is the chair of the advisory council.

3. Employee representatives. The employee representatives of the advisory council are 3 classified state employees appointed by the Governor as follows:

A. One employee recommended to the Governor by the Maine State Employees Association;