Salary Enhancement Plans. All of the following plans will be administered by the County in accordance with applicable Federal and State laws as amended and will not be grievable or arbitrable under Article 16, Grievance Procedure in this Memorandum or any County policy, rule or regulation. 10.11.1 IRS Section 414(h)(2) All employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which has the effect of deferring Federal and State income taxes on the employee’s retirement contributions. 10.11.2 IRS Section 125
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Salary Enhancement Plans. All of the following plans will be administered by the County in accordance with applicable Federal and State laws as amended and will not be grievable or arbitrable under Article 16, Grievance Procedure in this Memorandum or any County policy, rule or regulation.
10.11.1 IRS Section 414(h)(2) All employees who belong to the retirement system Sonoma County Employees’ Retirement Association shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which has the effect of deferring Federal and State income taxes on the employee’s retirement contributions.
10.11.2 IRS Section 125
Appears in 2 contracts
Samples: Memorandum of Understanding, Memorandum of Understanding
Salary Enhancement Plans. All of the following plans will be administered by the County in accordance with applicable Federal and State laws as amended and will not be grievable or arbitrable under Article 16, Grievance Procedure in this Memorandum or any County policy, rule or regulation.
10.11.1 IRS Section 414(h)(2) 414(h)(2) All employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which has the effect of deferring Federal and State income taxes on the employee’s retirement contributions.
10.11.2 IRS Section 125
Appears in 1 contract
Samples: Memorandum of Understanding
Salary Enhancement Plans. All of the following plans will be administered by the County in accordance with applicable Federal and State laws as amended and will not be grievable or arbitrable under Article 16, Grievance Procedure in this Memorandum or any County policy, rule or regulation.
10.11.1 IRS Section 414(h)(2) All employees who belong to the retirement system shall have their wages adjusted according to Section 414(h)(2) of the Internal Revenue Code which has the effect of deferring Federal and Federaland State income taxes on the employee’s retirement contributions.
10.11.2 IRS Section 125
Appears in 1 contract
Samples: Memorandum of Understanding
