Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 5.03 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed 60% of Compensation for that period.
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: I elect to defer receipt of the portion of my compensation indicated below and to have that portion contributed into the 457(b) Plan each pay period (complete one box): a flat dollar amount equal to $ of my compensation contributed pre-tax or $ of my compensation contributed after-tax (Xxxx election); or % of my compensation contributed pre-tax or % of my compensation contributed after-tax (Xxxx election).
Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 4.01 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed __15_______% (no more than 15%) of Compensation for that period.
(A) A Participant may increase or decrease, on a prospective basis, his salary reduction agreement percentage (check one):
(i) As of the beginning of each payroll period.
(ii) X As of the first day of each month. (iii) As of the next Entry Date.
Regular Contributions. NEW EMPLOYEES and OPT-OUT EMPLOYEES
Regular Contributions. NEW AND OPT-OUT EMPLOYEES. Employees who are hired after November 25, 2009 shall be entitled to retiree medical coverage by means of their participation in the RHSP. For each such new employee and opt-out employee, the City shall contribute on or about the first payroll date in January (“the contribution date”) during each year of this Agreement, or upon the successful conclusion of an employee’s probationary period, if later, $1,000 plus .25 percent (one-quarter of one percent) of annual salary as of the contribution date.
Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 5.03 of the Basic Plan Document on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question. Such Deferral Contribution shall not exceed the deferral limit specified in Subsection 5.03(a) of the Basic Plan Document or in Subsection 1.07(aXl)(A) below, as applicable. Check and complete the appropriate box(es), if any.
(A) þ The deferral limit is 60 % (must be a whole number multiple of one percent) of Compensation. (Unless a different deferral limit is specified, the deferral limit shall be 75%. If Option 1.07(a)(4), Catch-Up Contributions, is selected below, complete only if deferral limit is other than 75%.)
(B) o Instead of specifying a percentage of Compensation, a Participant's salary reduction agreement may specify a dollar amount to be contributed each payroll period, provided such dollar amount does not exceed the maximum percentage of Compensation specified in Subsection 5.03(a) of the Basic Plan Document or in Subsection 1.07(a)(1)(A) above, as applicable.
(C) A Participant may increase or decrease, on a prospective basis, his salary reduction agreement percentage or, if Xxxx 401(k) Contributions are selected in Subsection 1.07(aX5) below, the portion of his Deferral Contributions designated as Xxxx 401(k) Contributions (check one):
(i) þ as of the beginning of each payroll period.
(ii) o as of the first day of each month.
(iii) o as of each Entry Date. (Do not select if immediate entry is elected with respect to Deferral Contributions in Subsection 1.04(e).) Note: Notwithstanding the Employer's election hereunder, if Option 1.l1(a)(3), 401(k) Safe Harbor Matching Employer Contributions, or Option 1.12(a)(3), 401(k) Safe Harbor Formula, with respect to Nonelective Employer Contributions is checked, the Plan provides that an Active Participant may change his salary reduction agreement percentage for the Plan Year within a reasonable period (not fewer than 30 days) of receiving the notice described in Section 6.09 of the Basic Plan Document.
(D) A Participant may revoke, on a prospective basis, a salary reduction agreement at any time upon proper notice to the Administrator but in such case may not file a new
(i) o the beginning of the next payroll period.
(ii) o the first day of the next month
(iii) þ the next Entry Date. (Do not select if immediate entry is elected with respect to Deferral Contr...
Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 4.01 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed 15.00% (NO MORE THAN 15%) of Compensation for that period.
(A) A Participant may increase or decrease, on a prospective basis, his salary reduction agreement percentage (check one):
(i) |_| As of the beginning of each payroll period.
(ii) |X| As of the first day of each month.
(iii) |_| As of the next Entry Date.
(iv) |_| (Specify, but must be at least once per Plan Year)
(B) A Participant may revoke, on a prospective basis, a salary reduction agreement at any time upon proper notice to the Administrator but in such case may not file a new salary reduction agreement until (check one):
(i) |_| The first day of the next Plan Year. (ii) |X| Any subsequent Plan Entry Date. (iii) |_| (Specify, but must be at least once per Plan Year)
Regular Contributions. The Employer shall make a Deferral Contribution in accordance with Section 4.01 on behalf of each Participant who has an executed salary reduction agreement in effect with the Employer for the payroll period in question, not to exceed ___________% (NO MORE THAN 15%) of Compensation for that period.
(A) A Participant may increase or decrease, on a prospective basis, his salary reduction agreement percentage (check one):
(i) [ ] As of the beginning of each payroll period.
(ii) [ ] As of the first day of each month.
(iii) [ ] As of the next Entry Date.
(iv) [ ] (Specify, but must be at least once per Plan Year) --------------------------------- ---------------------------------
(B) A Participant may revoke, on a prospective basis, a salary reduction agreement at any time upon proper notice to the Administrator but in such case may not file a new salary reduction agreement until (check one):
(i) [ ] The first day of the next Plan Year.
(ii) [ ] Any subsequent Plan Entry Date.
(iii) [ ] (Specify, but must be at least once per Plan Year) ---------------------------------
Regular Contributions. NEW AND OPT-OUT EMPLOYEES. Employees who are hired after November 25, 2009 (“new employees”) and those current employees who elect irrevocably to opt out of (waive) the City’s obligation to pay medical coverage premiums for them upon retirement, as provided in Section 18.4 (“opt-out employees”), shall be entitled to retiree medical coverage by means of their participation in the RHSP but shall not be eligible for City-paid premiums upon retirement as provided by Section
Regular Contributions. Effective with the first pay date beginning after the Payroll Office or its designee receives this completed and signed Agreement or as soon as administratively practicable thereafter: an amount equal to $ per year at a flat rate of $ per pay period; or an amount based on % of compensation per pay period.
