Common use of EMPLOYEE CONTRIBUTION AMOUNT Clause in Contracts

EMPLOYEE CONTRIBUTION AMOUNT. The City and the NCFO agree that beginning January 7, 2023 the City shall withhold a mandatory contribution of $400.00 per month (to be deducted over 24 pay periods) on a pre-tax basis from the pay of every employee in the Defined Class who is a member of the bargaining unit represented by the NCFO and shall transmit such contributions to the Trust pursuant to the requirements in Section 13.9.6

Appears in 2 contracts

Sources: Memorandum of Understanding, Contract Amendment