Common use of Employer Contributions to 457 Plan Clause in Contracts

Employer Contributions to 457 Plan. Effective the first full pay period following July 1, 2020, the City will contribute the equivalent of 1% of the employee’s pensionable salary into the 457 plan. Eligibility: a. Employees must be enrolled in an eligible City sponsored 457 plan b. Employees who reach the maximum as defined by the IRS will not receive additional contributions c. Employee must be making PERS contributions

Employer Contributions to 457 Plan. Effective the first full pay period following July 1, 2020, the City will contribute the equivalent of 1% of the employee’s pensionable salary into the 457 plan. Eligibility: a. 1. Employees must be enrolled in an eligible City sponsored 457 plan b. 2. Employees who reach the maximum as defined by the IRS will not receive additional contributions c. 3. Employee must be making PERS contributions

Employer Contributions to 457 Plan. Effective the first full pay period following July 1, 2020, the City will contribute the equivalent of 1% of the employee’s pensionable salary into the 457 plan. Eligibility: a. 1. Employees must be enrolled in an eligible City sponsored 457 plan b. 2. Employees who reach the maximum as defined by the IRS will not receive additional contributions c. contributions 3. Employee must be making PERS contributions