Chapter 2 ADMINISTRATION*

Section 2-217 Contributions: Employee and City of Thomasville

 The City, through its City Council, does hereby appropriate from the funds of the City not  specifically directed by law to be applied to other purposes, to pay into the Defined Contribution Plan hereby created the sum of money set forth in the following funding table which shall continue in effect until changed by Council action:

Employee Contribution(457 Plan)                 Employer Contribution(401a Plan)                    

   0%                                                                 1.75%

   1 %                                                                 2.25%

   2%                                                                  2.75%

   3%                                                                  3.25%

   4%                                                                  3.75%

   5%                                                                  5.25% *

   6%                                                                  5.75% *

 *If the employee contributes at least 5% into their 457 Plan, the City will offer an additional  incentive of 1% to be added to their 401a Plan.    All employer contributions will  go  into a 401a Plan.  Any contributions made by employees will go into a 457 Plan.

(TQM Code Update, Added, 10/11/2004)