Participant contributions.
San José Municipal Code § 3.49.040
in effect3.49.040 - Participant contributions.
A. During each payroll period in which an employee or elected official is a participant in the plan, the City shall deduct the percentage of the employee's or elected official's compensation specified in the adoption agreement and contribute such amount to the plan. Although designated as employee contributions, the contributions made under this Subsection A. are picked up and paid by the City via salary reductions in accordance with Internal Revenue Code Section 414(h)(2). A participant may not receive any amounts paid under this section directly instead of having the amounts paid to the plan.
B. Participant contributions will be subject to the applicable limit under Internal Revenue Code Section 415, as provided by Section 3.049.045 and the plan.
(Ords. 29184, 30625.)
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_CH3.49UNMADECO401PL_3.49.040PACOFetched: 11/1/2026