Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salary. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
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Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s ’s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s ’s biweekly salary. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
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Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
Appears in 5 contracts
Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
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Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salarybi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
Appears in 2 contracts
Employer Contributions. An employee hired in accordance with section 2 who elects to make a voluntary contribution, in an amount determined by the employee, to the City=s ’s Deferred Compensation Plan offered by an approved 457 plan provider shall also receive a City contribution in an amount equal to the employee contribution not to exceed 0.50% of the employee=s biweekly salary’s bi-weekly pay. The combined employee and employer contribution shall not exceed the maximum allowable annual amount as determined by the Internal Revenue Service.
Appears in 2 contracts