ICMA-RC VANTAGECARE 1A - Laserfiche WebLink

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N V1. Contribution Sources and Amounts A. Definition of Earnings The definition of Earnings will apply to all RI IS Contribution Features that reference `Earnings ", including Direct Employer Contributions (Section VI.B.1.) and Mandatory Employee Compensation Contributions (Section VI.B.2.). Definition of earnings: AS defined by the MOU B. Direct Employer Contributions and Mandatory Contributions 1. Direct Employer Contributions The Employer shall contribute on behalf of each Participant ❑ % of Earnings ❑ $ each Plan Year ❑ A discretionary amount to be determined each Plan Year Q Other (describe): See Attached 2. Mandatory Employee Compensation Contributions The Employer will make mandatory contributions of Employee compensation as follows: ® Reduction in Salary - See Attached % of Earnings or $ will be contributed for the Plan Year. ❑ Decreased Merit or Pay Plan Adjustment - All or a portion of the Employees' annual merit or pay plan adjustment will be contributed as follows: An Employee shall not have the right to discontinue or vary the rate of Mandatory Contributions of Employee Compensation. 3. Mandatory Employee Leave Contributions The Employer will make mandatory contributions of accrued leave as follows (provide formula for determining Mandatory Employee Leave contributions): ® Accrued Sick Leave See attached ® Accrued Vacation Leave See attached ❑ Other (specify type of leave) Accrued Leave See attached ,-\n F111ployee ~hall not have the right to discontinue or vary= the rare of mandatory leave contributions. C. Limits on Total Contributions (check one box) 11,e total contribution by the Employer on behalf of each Participant (including I )irect Employer and Mandatory Employee Contributions) for each Plan Year shall not exceed the following limit(s) below. Limits on individual contribution types are defined within the appropriate section above.