Administrative costs.
San José Municipal Code § 3.50.190
in effect3.50.190 - Administrative costs.
A. The City Manager may determine fair and equitable cost to the City in withholding deferred compensation pursuant to this Plan or in making investments or otherwise administering or implementing the Plan.
B. The City Manager may withhold or collect or have withheld or collected such costs in such manner as it deems equitable either:
1. From the compensation deferred pursuant to the Plan, the income produced from any investment with respect thereto, or from principal return from any investment, whether or not augmented; or
2. From the organization receiving such investments, where required by law to collect therefrom, or if not so required, where mutually satisfactory to such organization and the committee; or
3. By direct charge to the participants or any combination of the above.
(Ords. 24061, 26541, 30536.)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT3PE_IIREPL_CH3.50PTPL_3.50.190ADCOFetched: 11/1/2026