(A) Subject to all of the provisions of the plan, a participant may, at any time, amend his or her participation agreement to change: the amount of his or her contributions, his or her investment direction and his or her designated beneficiary(s).
(B) Unless the participation agreement specifies a later effective date, a change in the amount of contributions shall take effect as of the next available pay period in the next calendar month. A change in the investment direction for contributions shall take effect as of the next available pay period. A change in the beneficiary designation shall take effect when the participation agreement is accepted by the Plan Administrator or the agent.
(Ord. NIRC 97-1, passed 1-15-1997)