The administration of the deferred compensation program within each state agency, department, board, commission, or institution shall be under the direction of the director or principal officer of that particular agency, department, board, commission, or institution. Each city, town, or other political subdivision shall designate an officer to administer the deferred compensation program, including deferred compensation plans offered to municipal employees pursuant to § 36-13-1(c). Reductions in payroll shall be made, in each instance, by the appropriate payroll officer. The administrator of the deferred compensation program may contract with a private corporation or institution for providing consolidated billing and other administrative services.
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