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(C) Contribution to an Employer sponsored deferred compensation (457) <br /> program. <br /> (D) Or, the Employee may elect to receive the balance in taxable income. <br /> EX(,EPTY0N. New employees hired after December 31, 2011, shall not be <br /> permitted to use employer contributions to contribute to items C or D. <br /> Sincerely, <br /> 44it— <br /> Mark R. Statz, PE <br /> City Administrator/City Engineer <br /> 53 <br />