Salary deferral contributions made on behalf of a participant shall be invested in each investment fund in multiples of 10% up to 100% thereof as such participant shall elect. Such election shall be made on such forms and in such manner as the Committee may prescribe. Each participant may elect to change the investment of future salary deferral contributions made on his or her behalf, effective on any enrollment date coincident with or immediately following a valuation date, by submitting the required form to the Committee in accordance with established administrative procedures. Each participant may also elect to have any multiple of 10% of the portion of his or her salary deferral contribution account invested in an investment fund transferred to the other investment fund, effective on any valuation date, by submitting the required form to the Committee in accordance with established administrative procedures.
(Ord. MET 86-13, passed 5-30-1986)