414(h)(2) - Tax Deferred Retirement Contribution. All employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which will have the effect of deferring Federal and State income taxes on the retirement contributions.
Appears in 3 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding, Memorandum of Understanding
414(h)(2) - Tax Deferred Retirement Contribution. All Effective January 6, 1988, all employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which will have the effect of deferring Federal and State income taxes on the retirement contributions.
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
414(h)(2) - Tax Deferred Retirement Contribution. All employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which will have the effect of deferring Federal and State income taxes on the retirement contributions.
Appears in 1 contract
Samples: Memorandum of Understanding
