§ 5.26.070. Payments to Trustee.

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Each Participant's Eligible Earnings shall be reduced each pay date pursuant to his authorization on a Compensation Deferral Agreement and Salary Deduction Agreement (if any) and the resulting Tax Deferred Contributions and After-Tax Contributions shall be transmitted by the County to the Trustee and credited to the Participant's Account within a period that is not longer than is reasonable for the proper administration of the accounts of Participants, but in no event later than the 15th business day of the month following the month in which the Participant's Tax Deferred Contributions or After-Tax Contributions otherwise would have been payable to such Participant in cash.

(Ord. 2004-0064 §§ 1, 2 (part), 2004.)

                    
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