(A) If the employee elects to make employee basic contributions or employee voluntary contributions, the participant shall enroll in the plan by executing a participation agreement (on the form prescribed by the Plan Administrator) to make those employee contributions. When entering into or amending his or her participation agreement, the participant must agree to defer the minimum amount that is required under each plan investment indicated by the participant’s participation agreement and must agree to defer not more than the maximum amount provided by §§ 32.001 through 32.009.
(B) If the employee does not elect to make employee contributions, as a condition to becoming a participant eligible to share in employer non-elective contributions, the participant shall enroll in the plan by executing a participation agreement (on the form prescribed by the Plan Administrator). A participation agreement is required even if the participant’s deferred compensation is attributable solely to employer contributions without employee contributions.
(Ord. NIRC 97-1, passed 1-15-1997)