§ 5.27.240. Contributions.  


Latest version.
  • A.

    Nonelective Contributions.

    1.

    Except as otherwise provided herein, each month the County shall contribute to the Plan on behalf of each Participant an amount equal to the greater of $1,158.00 beginning the 2015 Plan Year or the amount designated in subsection A1a or A1b below, whichever is applicable:

    a.

    14.5 percent of the Participant's Compensation for the preceding month if the Participant is a Retirement Plan A, B, C, D, or G Member, and has completed less than five years of continuous service as of the commencement of the current Plan Year;

    b.

    17.0 percent of the Participant's Compensation for the preceding month if the Participant is a Retirement Plan A, B, C, D, or G Member and has completed five or more years of continuous service as of the commencement of the current Plan Year, or if he is a Retirement Plan E Member; provided, however, that the percentage figures set forth in the following table shall apply in lieu of said 17.0 percent for any Participant, regardless of retirement plan, who has completed 10 or more years of continuous service as of January 1, 1991:

    Continuous Service
    As of January 1, 1991
    Nonelective Contribution
    10 years 17.4%
    11 years 17.8%
    12 years 18.2%
    13 years 18.6%
    14 or more years 19.0%

     

    2.

    In addition to these monthly Nonelective Contributions, the County shall make two ad hoc Nonelective Contributions on behalf of each Participant in an amount equal to $250 on each of the March 28, 2014 and July 30, 2014 pay dates.

    3.

    In no event shall a Nonelective Contribution be made on behalf of any Participant who has not been in a pay status for at least eight hours during the prior month. Nonelective Contributions shall be reflected in County payroll warrants issued on or about the fifteenth day of the month following the month in which the requisite pay status was completed. Effective beginning on and after April 1, 2010, or such later date as may be determined by the Chief Executive Officer when the human resources management system reflecting this provision is implemented, an advance of approximately one-half the monthly Nonelective Contributions received as additional Eligible Earnings in accordance with Section 5.27.250E shall be reflected in County payroll warrants issued on or about the thirtieth day of the month in which the requisite pay status was completed and the remainder of such additional Eligible Earnings shall be reflected in County payroll warrants issued on or about the fifteenth day of the month following the month in which the requisite pay status was completed.

    B.

    Elective Contributions. Each Eligible Employee prior to commencing his participation in the Plan and each Participant prior to the beginning of a Plan Year may irrevocably elect to have an additional dollar amount contributed by the County during a Plan Year for each month that he participates in the Plan as an Elective Contribution, not to exceed his Eligible Earnings for such month, and to have his Eligible Earnings reduced each month by an amount equal to such Elective Contribution; provided, however, that no Elective Contributions shall be contributed for any Participant if he has not been in a pay status for at least eight hours during the prior month. Such Elective Contribution on behalf of a Participant each month shall be equal to the amount necessary to fund the Taxable Benefits and/or Nontaxable Benefits chosen by such Participant pursuant to the election procedure set forth in Section 5.27.260A after first applying the Nonelective Contribution for such month to the cost of such Taxable Benefits and/or Nontaxable Benefits. In the event of contractual renegotiation, change in method of funding, or substitution of a Taxable Benefit and/or Nontaxable Benefit during a Plan Year, the County, without prior notice to Participants, may automatically adjust the Elective Contributions made for and/or the Eligible Earnings paid to, Participants who have selected such Taxable Benefits and/or Nontaxable Benefits, in accordance with increases or decreases in the cost of the Taxable Benefits and/or Nontaxable Benefits. Effective beginning on and after April 1, 2010, or such later date as may be determined by the Chief Administrative Officer when the human resources management system reflecting this provision is implemented, monthly Elective Contributions shall be apportioned over semi-monthly pay periods so that approximately one-half the monthly Elective Contributions shall be deducted from the Participant's Eligible Earnings as reflected in County payroll warrants issued on or about the thirtieth day of the month to which such Eligible Earnings relate and the remainder of the monthly Elective Contributions shall be deducted from the Participant's Eligible Earnings reflected in County payroll warrants issued on or about the fifteenth day of the month.

(Ord. 2014-0045 § 3, 2014; Ord. 2014-0008 § 7, 2014; Ord. 2010-0014, § 18, 2010; Ord. 2008-0073 § 2, 2008; Ord. 2008-0014 § 3, 2008; Ord. 2006-0074 § 2, 2006; Ord. 2005-0072 § 1 (part), 2005; Ord. 2004-0058 § 2, 2004: Ord. 2004-0001 § 9, 2004; Ord. 2002-0070 § 2, 2002: Ord. 98-0076 § 6, 1998: Ord. 94-0102 § 6, 1994: Ord. 92-0013 § 10, 1992; Ord. 90-0164 § 1 (part), 1990.)