Retirement/Deferred Compensation. The City agrees to meet at least two times each fiscal year with up to two Union representatives to discuss the deferred compensation plan investment options, fees, and performance. Where appropriate, at the discretion of the Human Resources Manager, the City’s 457 Plan Administrator(s) will be invited to such meetings.
Retirement/Deferred Compensation. A. The City agrees to pay the Employee retirement benefits in the same manner and under the same conditions as those available to department directors.
B. In lieu of the benefit described in A. above, at the Employee’s option, the City agrees to pay 7 % of the Employee’s salary annually into an IRC Sec. 401 or 457 deferred compensation account selected by the Employee in the name of the Employee.
C. Employee shall be eligible to participate in the City’s Voluntary Supplemental Retirement Plan in the same manner as department directors.
Retirement/Deferred Compensation. In addition to the other compensation and benefits provided to the Milleman under this Agreement, near the mid- point of each contract year LCSC shall contribute the sum of Twenty Thousand Dollars ($20,000) in tax-deferred contributions to one or more retirement or deferred compensation plans. The annual payment under this section shall automatically increase by the sum of One Thousand Dollars ($1,000) for each year of the Agreement including all automatic extension years as described in Section 1.02. Milleman may elect to make voluntary contributions (“elective deferrals”) to his retirement or deferred compensation plans to the maximum extent allowed by law. If not already established, Milleman and LCSC shall cooperate in completing the necessary forms to establish the plan and arranging for elective deferral payments to be made.
Retirement/Deferred Compensation. A. Employer agrees to pay Employee seventeen percent (17%) of the annual base salary set forth above to be used by the Employee for contribution to the ICMA Money Purchase Deferred Compensation Plan, which will be immediately vested upon the first contribution. Said payment shall be in installments at the same time as payments of the annual base salary.
B. Employer agrees to establish a 401(a) Retirement Plan (Supplemental/Voluntary) for use by the Employee under the same terms and conditions as those available to other City Employees.
C. Employee shall be eligible to participate in the City’s 457 Deferred Compensation Plan (Employee Only) under the same terms and conditions as those available to other City Employees.
Retirement/Deferred Compensation. The City of Naples agrees to pay Xxxxx seventeen percent (17%) of the annual base salary set forth above to be directed to Xxxxx’x established 401(a) Retirement Plan through the International City Management Association. At the time Xxxxx returns to his position of Deputy City Manager, the City’s contribution to his retirement will return to the amount defined under his current employment agreement executed by the previous City Manager.
Retirement/Deferred Compensation. 8.1 Employee shall remain a member of the Bal Harbour Village Pension Plan and participate in a manner applicable to other general employees of the Village.
8.2 Employee further acknowledges that the Village is in the process of evaluating a transfer of the pension plan to the Florida Retirement System (FRS). In that event, Employee agrees to transfer his membership to FRS when implemented.
Retirement/Deferred Compensation. Section 1. Subd. 1. Group Health Insurance – An employee retiring prior to age sixty-five (65), but over age fifty-five (55), shall have the option to continue group hospitalization insurance coverage for single or dependency under a group policy offered by the Board, up to age 65, provided that the insurance carrier will allow such retired employee participation. The cost of the coverage shall be at the expense of the employee.
Retirement/Deferred Compensation. A. The MANAGER shall be eligible to participate in all retirement programs offered by the TOWN for other administrative employees, including the Maine Public Employees Retirement System and ICMA Deferred Compensation Program.
B. Both the TOWN and MANAGER will make required contributions to the Social Security System.
Retirement/Deferred Compensation. The CEO shall participate in the appropriate State and local pension/retirement systems, as provided by law. In addition, the Board agrees to make, on behalf of the CEO, an annual contribution into one or more deferred compensation programs, to be selected by the CEO. The Board’s contribution to said program(s) shall be 16 percent of the CEO’s annual base salary per year and shall be made by the Board on a quarterly basis at the beginning of each quarter for each Contract year. In the event this Second Contract is terminated pursuant to Section XII of this Second Contract, prior to the completion of a contract year (i.e., before June 30), the Board’s contribution will be subject to the provisions of Section XII.
Retirement/Deferred Compensation. A. The City of Naples agrees to pay Xxxxxxx an additional seventeen percent (17%) of the annual base salary set forth above and may be used by Xxxxxxx for contributions to a Money Purchase Deferred Compensation Plan. Said payment shall be in installments at the same time as payments of the annual base salary.
B. The City of Naples agrees to establish a 401(a) Retirement Plan for use by Xxxxxxx.
X. Xxxxxxx shall be eligible to participate in the City’s 457 Deferred Compensation Plan under the same conditions as those available to other City employees.
