25E - AGMT - EMPL BENEFITS - Laserfiche WebLink

Home Browse Search

VL Contribution Sources and Amounts A. Definition of Earnings The definition of Earnings will apply toall RHS Contribution Features that reference "Earnings", including Direct Employer Contributions (Section VI.B.I J and Mandatory Employee Compensation Contributions (Section VI.B.2.). Definition ofearnines: As defined by the MOU B. Direct Employer Contributions and Mandatory Contributions I. Direct Employer Contributions The Employer shall contribute on belialf of each Participant ❑ 96 of Earnings ❑ S each Plan Year ❑ A discretionary amount to be determined each Plan Year [71 Other (describe): See Attached 2. Mandatory Employee Compensation Contributions The Employer will make mandatory contributions of Employee compensation as follows: ® Reduction in Salary - % of Earnings or $ will be contributed For the Plan Year. ❑ Decreased Merit or Pay Plan Adjustment -All or a porion of the Employees' annual merit or pay plan adjustment will be conrribured 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 Contriburions Tic Employer will make mandator• contributions of accrued leave as follows (provide formula for determining Mandatory Employee Leave contributions): Z Accrued Sick Leave See Attached ® Accrued Vacation Leave See Attached m Other (specify type of leave) Accrued Leave See Attached An Employee shall nor have the righr to discontinue or vary the race of mandatory leave contributions. C. Limits on Tom( Contributions (check one box) The total contribution by the Employer on behalf of each Participant (including Direct Employer and Mandatory Employee Contributions) for cacti Plan liar shall not exceed the following limic(s) below. Limits on individual eoncribucion types are defined within the appropriate section above. 25E-80