Common use of Member Contributions Clause in Contracts

Member Contributions. A Member subject to this Appendix B shall be required to make a Member Contribution each pay period in an amount equal to six and one-half percent (6.5%) of such Member’s Earnings for that pay period. Such Member Contributions shall not be “picked-up” but shall be made on an after-tax basis.

Appears in 2 contracts

Samples: www.middletownct.gov, www.middletownct.gov

AutoNDA by SimpleDocs

Member Contributions. A Member subject to this Appendix B C shall be required to make a Member Contribution each pay period in an amount equal to six and one-half percent (6.56%) of such Member’s Earnings for that pay period. Such Member Contributions shall not be “picked-up” but shall be made on an after-tax basis.

Appears in 2 contracts

Samples: www.middletownct.gov, www.middletownct.gov

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.