Additional Employer Contributions. All other teachers, including newly hired teachers after their first year of employment for which they have received the first year XXXX contribution referred to in section B1 of this Article, shall receive an annual contribution of one quarter of one percent (0.25%) into their Ongoing VEBA accounts as established in the preceding collective bargaining agreement. (At no time may a teacher make employee elective contributions to the VEBA.)
Additional Employer Contributions. The Employer will provide additional contributions, based on voluntary contributions being made by the Employee. These additional contributions will be provided on a dollar for dollar basis, up to a maximum of 5% additional contributions provided by the Employer. For example;
Additional Employer Contributions. To the extent allowed by law, the CITY may make and HPOPS agrees to accept certain additional pretax employer contributions on behalf of members who have separated from service from the CITY, made a retirement election with HPOPS, and still have accrued benefits from the CITY. For each such member identified above, the CITY shall indicate the member’s DROP Account that shall receive these employer contributions.
Additional Employer Contributions. Notwithstanding any provision of the Plan to the contrary, if elected in the Adoption Agreement, the Employer may contribute additional amounts to a Participant's Account in accordance with the contribution options selected in the Adoption Agreement. Such additional contributions shall be treated as additional Deferred Compensation of the Participants whose Accounts receive such contributions and shall be subject to the limitations set forth in this Article IV.
