Uniformity Requirement. (1) Except as provided in (2), below, if the Employer has elected to have Covered Employees’ Default Elective Deferrals increase each Plan Year by a designated percentage, the same percentage of compensation will be withheld as a Default Elective Deferral from all Covered Employees subject to the Default Rate. (2) Default Elective Deferrals will be reduced or stopped to meet the limitations under Section 457(b) of the Code, and to satisfy any suspension period required after a hardship distribution from another plan maintained by the Employer.
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Sources: 457 Governmental Deferred Compensation Plan and Trust, 457 Governmental Deferred Compensation Plan and Trust