The City shall make available during the term of this agreement the opportunity for all Command Officers to participate through payroll deduction in a Deferred Compensation Plan (Section 401-K Plan or Section 457 Plan) developed and administered by a provider designated by the City.
The City shall make available during the term of this agreement the opportunity for all Command Officers to participate through payroll deduction in a Section 401-K Plan. Command Officers participating in the 401-K loan program shall pay all loan application and processing fees. The TPCOA will participate in a joint labor-management committee to choose the administrator of the 401-K Plan.