Matching Deferred Compensation. Upon completion of the employee’s introductory period, SWWC will match up to $600 per year to a tax-deferred matching contribution plan pursuant to Minn. Stat. 356.24 (2007), as amended, and in accordance with SWWC’s 403b Plan documents. Effective July 1, 2019, the match will increase to $1,000 per year.
Matching Deferred Compensation. There shall be credited to each Participant’s Account for each Plan Year a Matching Deferred Compensation amount equal to the total matching contribution such Participant would have received under the Company’s qualified defined contribution plan for the Plan Year without regard to the limitations imposed thereon under Sections 402(g), 415 and 417 of the Code less the actual matching contribution such Participant received under the Company’s qualified defined contribution plan for the Plan Year, or such other amount as may be established from time to time by action of the Board, provided such Participant has made the maximum elective deferrals to the Company’s qualified defined contribution plan as permitted under the terms of such plan. Matching Deferred Compensation shall be credited to a Participant’s Retirement Distribution Account monthly.
Matching Deferred Compensation. Each employee of the SPSPA that is an active participant and contributes a minimum of one hundred dollars ($100.00) per pay period to a City approved Deferred Compensation program, will have their contributions matched by the City, not to exceed one hundred dollars ($100.00) per pay period, capped at the Internal Revenue Service (IRS) amount. If an employee does not have a City authorized Deferred Compensation account the City will not be required to provide any matching monies.
Matching Deferred Compensation. Each employee that is an active participant and contributes a minimum of twenty five dollars ($25.00) per pay period to a City approved Deferred Compensation program, will have their contributions matched by the City, not to exceed twenty five ($25.00) dollars per pay period, capped at the Internal Revenue Service (IRS) capped amount. If an employee does not have a City authorized Deferred Compensation account the City will not be required to provide any matching monies.
Matching Deferred Compensation. Effective the first full pay period following July 1, 2022, the County will provide a matching contribution to the employee’s Deferred Compensation account of up to 1%.
Matching Deferred Compensation. Effective the first full pay period of July 2011, each employee of the SPPA that is an active participant and contributes a minimum of fifty dollars ($50.00) per pay period to a City approved Deferred Compensation program (i.e. Hartford, etc.), will have their contributions matched by the City, not to exceed fifty ($50) dollars per pay period, capped at the Internal Revenue Service (IRS) capped amount. If an employee does not have a City authorized Deferred Compensation account the City will not be required to provide any matching monies.
