(A) Effective December 19, 2005 the full amount of the statutorily required contributions to the Ohio Public Employees Retirement System (OPERS) shall be withheld from the gross pay of each person within any of the classes established in division (B) below and shall be “picked up” (assumed and paid to the Ohio Public Employees Retirement System) by the City of Bowling Green. This “pick up” by the city is and shall be designated as public employee contributions and shall be in lieu of contributions to the Ohio Public Employees Retirement System by each person of any of the classes established in division (B) below. No person subject to this “pick up” shall have the option of choosing to receive the statutorily required contribution to the Ohio Public Employees Retirement System directly instead of having it “picked up” by the city or of being excluded from the “pick up.” The city shall, in reporting and making remittance to the Ohio Public Employees Retirement System, report that the public employees contribution for each person subject to this “pick up” has been made as provided by the statute.
(B) The “pick up” by the city provided by this section shall apply to all persons that are employees of the City of Bowling Green who are or become contributing members of the Ohio Public Employees Retirement System.
(C) The city’s method of payment of salary to employees who are participating in OPERS is hereby modified as follows, in order to provide for a salary reduction pick-up of employee contributions to OPERS.
(D) The total salary for each employee shall be the salary otherwise payable under the city’s policies. Such total salary of each employee shall be payable by the city in two parts: (a) deferred salary; and (b) cash salary. An employee’s deferred salary shall be equal to the percentage of that employee’s total salary which is required from time to time by OPERS to be paid as an employee contribution by that employee and shall be paid by the city to OPERS on behalf of that employee as a “pick up” and in lieu of the OPERS employee contribution otherwise payable by that employee. An employee’s cash salary shall be equal to that employee’s total salary less the amount of the pick up for that employee and shall be payable, subject to applicable payroll deductions, to that employee. The city shall compute and remit its employer contributions to OPERS based on an employee’s total salary. The total combined expenditures of the city for such employees’ total salaries payable under applicable city policies and the pick up provision of this section shall not be greater than the amounts it would have paid for those times had this provision not been in effect.
(E) The Finance Director is hereby authorized and directed to implement the provisions of this section to institute the “pick up” of the statutorily required contributions to the Ohio Public Employees Retirement System for those persons reflected in division (B) above of this section so as to enable them to obtain the result in federal and state tax deferments and other benefits.
(1980 Code, § 33.40) (Ord. 7491, passed 11-7-2005)