Fayette County's

government employees will now have a little bit more flexibility when

it comes to their money.

The County

Commission voted unanimously last week to allow employees to take loans

against any deferred compensation, such as 401K plans.

Human Resources

Director Connie Boehnke explained to the board that the policy would allow

employees to get a loan against their compensation they had socked away

as deferred compensation and pay it back through a payroll deduction.

Commission

chairman Greg Dunn said he agreed people should have the freedom to manage

their money, but wondered when the loan would be considered in default.

"Are we

talking a day here?" he asked.

Dunn said default

on the loan would result in serious tax implications for the employee,

and Dunn wanted to make sure employees understood the seriousness of taking

out a loan.

Boehnke told

Dunn she would check on the default question and report