The city shall pick up those contributions to the Police and Firemen’s Pension Funds which are required from the police officers and firefighters as contributions pursuant to 40 ILCS 5/1-101 et seq., the Illinois Pension Code. All said contributions shall be treated as employer contributions in determining tax treatment under the United States Internal Revenue Code. The employees shall not be allowed to receive any portion of the contribution picked up by the city and paid into the Police and Firemen’s Pension Funds in cash or its equivalent in lieu of having these funds paid directly into the respective pension fund.
(Prior Code, § 33.080) (Ord. 2696, passed 6-11-1985; Ord. 2744, passed 12-30-1985)