Mandatory Employee Contributions. See Section 3.04(A)(3) and Election 18.
Mandatory Employee Contributions. (3.04(A)(3)). The Mandatory Employee Contributions under Election 6(a) are subject to the following additional elections. The Plan Administrator will hold and administer Mandatory Employee Contributions as pretax Nonelective Contributions, but will allocate them to a separate sub-account within Participants’ Accounts.
Mandatory Employee Contributions. Election 9(c) or 9(d) below may cause allocation Compensation to fail
Mandatory Employee Contributions. 5 (a) Each employee of the Employees’ Retirement System, shall contribute to the 6 retirement system a percentage of the “Member’s Compensation” according to
Mandatory Employee Contributions. In applying any Plan definition which references Section 1.11 Compensation, where the Employer in this Election 8 elects more than one Compensation definition for allocation purposes, the Plan Administrator will use W-2 wages for such other Plan definitions if the Employer has elected W-2 wages for any Contribution Type or Participant group under Election 8. If the Employer has not elected W-2 wages, the Plan Administrator for such other Plan definitions will use 415 Compensation.]
Mandatory Employee Contributions. (no individual elections permitted): The Employer and Association agree that the Association’s compensation package will be changed such that eligible employees shall receive additional benefits in the form of HRA VEBA Plan contributions equal to $50, which shall be contributed on a bi-weekly basis, and each eligible employee’s salary shall be reduced by an equal amount. Such contributions shall be made on behalf of all Association employees defined as eligible and shall be considered and referred to as Employee contributions.
Mandatory Employee Contributions. General Management Unit employees shall be eligible to participate, at their own expense, in a Money Purchase Plan in accordance with Section 401(a) of the Internal Revenue Code. All eligible Unit employees shall make a mandatory bi-weekly contribution to this plan of $138.46 through payroll deduction, for a total mandatory employee contribution of $3,600 per year. All Unit employees shall make an irrevocable election at the time of hire or appointment into the Unit to designate a percentage of accrued General Leave, if any, to be contributed to the employee’s 401(a) account upon separation from service.
Mandatory Employee Contributions. If elected in the Adoption Agreement, then each Participant must make Mandatory Employee Contributions under the terms and conditions as elected in the Adoption Agreement, in order to receive an allocation of Employer contributions and Forfeitures for an Allocation Period. Mandatory Employee Contributions will be allocated to a Participant’s Mandatory Employee Contribution Account in which the Participant will have a 100% Vested Interest. A Participant can elect to discontinue (or resume) Mandatory Employee Contributions in accordance with procedures established by the Administrator. Mandatory Employee Contribution Accounts will be administered as follows:
Mandatory Employee Contributions. For all Unit members, there is a mandatory employee contribution to the Retirement Health Savings (RHS) Plan of one (1) percent of base salary which is deducted from payroll on a bi-weekly basis. New Unit members will begin participating in the plan immediately upon employment. All employee contributions are made on a pre-tax basis and are fully vested.
Mandatory Employee Contributions an Employee becomes eligible to make Mandatory Employee Contributions as described in the table below. Effective July 1, 2020, an Employee’s Mandatory Employee Contributions shall begin automatically within 90 days after the date the Employee completes the Age and Service requirement applicable to his or her position, and the Mandatory Employee Contributions shall be made retroactive to pay dates for pay periods ending on or after the date the Employee completes the Age and Service requirement applicable to his or her position by treating Compensation received by such Employee on such retroactive pay dates as having been paid on the first pay date for which Mandatory Employee Contributions are withheld. Notwithstanding the foregoing, Employees who are age 62 or older on their Employment Commencement Date are never required to make Mandatory Employee Contributions.
