Contributions.

El Paso City Code § 2.64.190

in effect

2.64.190 - Contributions. A. Beginning on the first full pay period after May 1, 2007, every person who is a fund participant shall contribute thereto, on a pre-tax basis, 7.75 percent of his salary or wages. The city and all other employers whose employees are permitted to participate in the fund, shall contribute an amount equal to 11.65 percent of the salary or wages of their respective employees who contribute to the fund, subject to subsection A.1. of this section. Provided however, for each of the four consecutive city fiscal years beginning with fiscal year 2012 starting on September 1, 2011, participant contributions of their salaries or wages shall increase annually by 0.30 percent, and the contributions of the city and of other permitted employers shall increase annually by 0.60 percent. Such increases shall begin with the first full pay period after September 1st of each applicable year, and thereafter, shall remain at the level reached in September 2014. 1. In any case in which the periodic salary or wage of a participant, because of the employee's accident with pay status, is insufficient to allow for deduction from salary or wages of the required participant contribution, or when salary or wages are not subject to deductions, the participant shall be responsible for making payment of the required contribution directly to the city comptroller, not later than one week after the applicable bi-weekly pay day. Failure to make the required contributions will result in loss of pension service credit for the period for which contributions have not been made. Contributions paid later than one week after the applicable pay day will be subject to the addition of interest at the rate of seven and one-half percent per annum compounded annually until such contributions are paid. B. Contributions to the pension fund shall be based on total salary or wages including any worker's compensation periodic payments received by a participant on leave of absence with pay. C. Notwithstanding anything contained in this section to the contrary, the city or other approved employer shall not pick-up or pre-tax buy-back contribution payments made pursuant to this section. D. Notwithstanding any other provisions in the plan, compensation in excess of the limit contained in Internal Revenue Code Section 401(a)(17) or successor statute, if any (or such other amounts as may be determined by taking into account the cost-of-living adjustment provided under Internal Revenue Code Section 401(a)(17) or any successor statute) shall be disregarded for all purposes of calculating a participant's allocations for any plan year. E. Upon termination of the plan, the participant's contributions as an employee and any vested benefits shall be non-forfeitable, including without limitation employer's contributions. F. Compensation. 1. Compensation shall mean base salary. Base salary is a fixed amount of money paid to an employee by an employer in return for work performed. Base salary does not include benefits, bonuses or any other potential compensation from an employer. Base salary is paid, most frequently, in a bi-weekly paycheck. In most years, an employee's base salary is paid in twenty-six even paychecks over the course of the year. 2. Gross compensation shall mean base salary as defined in Section 2.64.190 F.1. and will also include overtime, bonuses, and some other non-periodic payments. (Ord. 16619 §§ 7, 8, 2007; Ord. 16474 § 5, 2006; Ord. 16076 § 9, 2005; Ord. 13219 (part), 1997; Ord. 11680 (part), 1993; Ord. 8145 (part), 1984; prior code § 17-6) (Ord. No. 17637, § 5, 8-30-2011; Ord. No. 18089, §§ 2—4, 10-29-2013; Ord. No. 019420, § 1, 12-13-2022; Ord. No. 019688, § 2, 11-19-2024)

Source: City of El Paso, City Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/tx/el_paso/codes/code_of_ordinances?nodeId=TIT2ADPE_CH2.64CIEMPEFU_2.64.190COFetched: 10/28/2026