The City will make available during the term of this agreement the opportunity for all employees who have completed their first sixty (60) compensated work days to participate through payroll deduction in a deferred compensation plan (Section 401-K Plan or Section 457 Plan), developed and administered by a carrier designated by the City. Ohio Association of Professional Firefighters 457 Deferred Compensation Plan shall be a carrier designated by the City. It will be available beginning at the full implementation of the new payroll system. Each employee will be charged only for any loan origination fees.
(Ord. 594-06. Passed 8-22-06.)