165.06 OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM CONTRIBUTIONS.
(a) The contribution required to be made by each elected or appointed employee of the City to the Ohio Public Employees Retirement System (P.E.R.S.), including the members of AFSCME Ohio Council 8, Local 3572, but excluding the members of other collective bargaining units whose contract does not provide for this plan, shall be paid by the City on behalf of the employees in lieu of contributions by the employees, in accordance with this section.
(b) The gross wages payable by the City to each employee in any pay period shall be reduced by the amount payable by the City to P.E.R.S. on behalf of such employee under subsection (a) hereof.
(c) The Director of Finance is hereby directed to take all acts necessary and appropriate to initiate implementation of this section, including, but not limited to, making applications to the Internal Revenue Service for private letter rulings concerning federal tax treatment of the P.E.R.S.
(d) Subject to any requirements imposed by the Internal Revenue Service or the P.E.R.S. Board, this section shall apply to all payroll payments payable by the City to such employees effective with the pay period commencing as soon as approvals are received, provided that the same shall be effective only so long as they are approved by the P.E.R.S. Board and the Internal Revenue Service.
(Ord. 1989-115. Passed 8-21-89.)