Common use of Payment of Employee/Member Contribution Clause in Contracts

Payment of Employee/Member Contribution. New member employees are responsible for paying the employee contribution of one-half of the total normal cost of the plan, as defined by XxxXXXX, through a payroll deduction. This amount will be determined by XxxXXXX in the future. The City has adopted the CalPERS resolution in accordance with IRS Code section 414(h)(2) to ensure that the employee contribution is made on a pre-tax basis.

Payment of Employee/Member Contribution. New member employees are responsible for paying the employee contribution of one-half of the total normal cost of the plan, as defined by XxxXXXX, through a payroll deduction. This amount is currently determined by XxxXXXX and will continue to be determined by XxxXXXX in the future. The City has adopted the CalPERS resolution in accordance with IRS Code section 414(h)(2) to ensure that the employee contribution is made on a pre-pre- tax basis.

Payment of Employee/Member Contribution. New member employees are responsible for paying the employee contribution of one-half of the total normal cost of the plan, as defined by XxxXXXXCalPERS, through a payroll deduction. This amount will be determined by XxxXXXX CalPERS in the future. The City has adopted the CalPERS resolution in accordance with IRS Code section 414(h)(2) to ensure that the employee contribution is made on a pre-tax basis.

Payment of Employee/Member Contribution. New Effective October 6, 2015, nNew member employees are responsible for paying the employee contribution of one-half of the total normal cost of the plan, as defined by XxxXXXXCalPERS, through a payroll deduction. This amount will be determined by XxxXXXX CalPERS in the future. The City has adopted the CalPERS resolution in accordance with IRS Code section 414(h)(2) to ensure that the employee contribution is made on a pre-tax basis.