Common use of Mandatory Contributions Clause in Contracts

Mandatory Contributions. An employee who is age 30 or over and has 1 year of service is automatically enrolled into the RC Plan with a 3.5% payroll deduction based on annual salary. This pre- tax contribution is matched at 100% by the museum and cannot be directed to the ▇▇▇▇ option.

Mandatory Contributions. An employee who is age 30 or over and has 1 year of service is automatically enrolled into the RC Plan with a 3.5% payroll deduction based on annual salary. This pre- tax contribution is matched at 100% by the museum Museum and cannot be directed to the ▇▇▇▇ option.