1. I. A deferred compensation commission is hereby established consisting of the following members:

   1. (a) The state treasurer or designee;
   2. (b) The commissioner of administrative services or designee;
   3. (c) The insurance commissioner or designee;
   4. (d) The attorney general or designee;
   5. (e) The secretary of state, or designee;
   6. (f) One member who shall be an unclassified state employee and a member of the deferred compensation plan, and who shall have knowledge of defined contribution plans, appointed by the governor with the advice and consent of the council, for a term of 3 years;
   7. (g) One member who shall be a public employee at-large, and who shall have knowledge of defined contribution plans, appointed by the governor with the advice and consent of the council, for a term of 3 years;
   8. (h) One member who shall be a nonclassified legislative employee and a member of the deferred compensation plan, and who shall have knowledge of defined contribution plans, appointed by the speaker of the house and the president of the senate, for a term of 3 years; and
   9. (i) One member who shall be a nonclassified judicial employee and a member of the deferred compensation plan, and who shall have knowledge of defined contribution plans, appointed by the chief justice of the supreme court, for a term of 3 years.
2. II. Five members shall constitute a quorum for the transaction of business and may act on behalf of the commission.

Source. 1977, 264:20. 1979, 360:13. 1985, 399:3, I. 1998, 371:8. 2006, 245:25, eff. July 1, 2006. 2015, 30:1, eff. July 6, 2015.