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08/22/2011 <br /> 5. The contributions defined above are mandatory and the employees do not <br /> have a cash, or deferred election right (or option) with respect to these <br /> designated employee contributions. Employees may not receive the <br /> contributed amounts directly instead of having them paid by the City of <br /> Redwood City to the Public Employees' Retirement System. <br /> 6. The City of Redwood City shall pay to the Public Employees' Retirement <br /> System the contributions designated above from the same source of funds as <br /> used in paying salary. <br /> . . . <br /> ATTY/RES0.2149/ IMPLEMENTING SECTION 414(H) (2) OF 7HE INTERNAL REVENUE CODE RESO. # 15136 <br /> 081771 , MUFF # 904 <br /> 4 <br />