Effective with all wages earned during and after the first full pay period after and following the date upon which the city is notified of the approval of this “pick up” program by the Public Employees Retirement System of Ohio (PERS), the city shall “pick up” the mandatory retirement contributions to the Public Employees Retirement System for all Councilmembers eligible for and electing to contribute to PERS, and for all full-time and part-time employee positions of the city that are eligible for PERS, except the employment positions that are subject to the current bargaining agreement between the city and FOP Lodge Number 160, by using the salary reduction method illustrated in Internal Revenue Service Re. Rul. 81-36, and shall designate such amounts as employer contributions for income tax purposes in order that the amount of each employee's income reported by the city as subject to federal and state income tax shall be the employees' gross income reduced by the amount of the employee's mandatory retirement system contribution which has been “picked up” by the city, while continuing to designate such amounts as employee contributions in order that the amount “picked up” by the city shall be included in computing final average salary, as permitted by Ohio Attorney General Opinion 82-097, and provided that the employee's total salary shall not be increased by each “pick up” nor shall the city's total contribution to the Public Employees retirement System be increased thereby.
(Ord. 93-18, passed 4-26-93)