Common use of Mandatory Employee Contributions Clause in Contracts

Mandatory Employee Contributions. For all Unit employees, there is a mandatory employee contribution to the Retirement Health Savings (RHS) Plan of one (1) percent of base salary which is deducted from payroll on a bi-weekly basis. New Unit employees will begin participating in the plan immediately upon employment. All employee contributions are made on a pre-tax basis and are fully vested.

Mandatory Employee Contributions. For all Unit employeesmembers, there is a mandatory employee contribution to the Retirement Health Savings (RHS) Plan of one (1) percent of base salary which is deducted from payroll on a bi-weekly basis. New Unit employees members will begin participating in the plan immediately upon employment. All employee contributions are made on a pre-tax basis and are fully vested.