Common use of VOLUNTARY 457 DEFERRED COMPENSATION PLAN Clause in Contracts

VOLUNTARY 457 DEFERRED COMPENSATION PLAN. 1. City agrees to provide a deferred compensation plan for unit employees covered herein pursuant to IRS Code Section 457. 2. If more than one plan is offered, unit employees shall be limited to participation in one (1) plan at a time. 3. Plan documents and participation rules under Section 457 are maintained by and available from the Human Resources Department.

VOLUNTARY 457 DEFERRED COMPENSATION PLAN. A. VOLUNTARY 457 DEFERRED COMPENSATION PLAN 1. City agrees to provide a deferred compensation plan for unit employees covered herein pursuant to IRS Code Section 457. 2. If more than one plan is offered, unit employees shall be limited to participation in one (1) plan at a time. 3. Plan documents and participation rules under Section 457 are maintained by and available from the Human Resources Department.