(A) The city has determined to continue to pick-up all of the mandatory contributions by the employees who are members of the Ohio Police and Fire Pension Fund through a payroll reduction as follows:
(1) July 08, 2013 10.75%
(2) July 07, 2014 11.50%
(3) July 06, 2015 12.25%
(B) The picked up contributions paid through a payroll reduction even though designated as employee contributions for state law purposes, are being paid by the city in lieu of said contributions by the employee.
(C) The picked up contributions will not be included in the gross income of the employees for tax reporting purposes, that is, for federal or state income tax withholding taxes, until distributed from the Ohio Police and Fire Pension Fund.
(D) The picked up contributions will be included in the gross income of the employees, for employment tax purposes, as the contributions are made to the Ohio Police and Fire Pension Fund.
(E) The employees shall not be entitled to any option of choosing to receive the contributed amounts directly instead of having them paid by the city to the Ohio Police and Fire Pension Fund.
(Ord. 8266, passed 9-3-2013)