(a) (1) Effective April 15, 1992, the statutorily required contributions to the Public Employees Retirement System of Ohio shall be withheld from the gross pay of each person within any of the classes established in subsection (b) herein and shall be “picked up” (assumed and paid to the Public Employees Retirement System of Ohio) by the City of Campbell. This “pick up” by the City of Campbell is in the manner set forth in subsection (d), and shall be designated as, public employee contributions and shall be in lieu of contributions to the Public Employees Retirement System of Ohio by each person within any of the classes established in subsection (b) herein. No person subject to this “pick up” shall have the option of choosing to receive the statutorily required contribution to the Public Employees Retirement System of Ohio directly instead of having it “picked up” by the City of Campbell or of being excluded from the “pick up”.
(2) The City shall, in reporting and making remittance to the Public Employees Retirement System of Ohio, report that the public employee’s contribution for each person subject to this “pick up” has been made as provided by the statute.
(b) The “pick up” by the City shall apply to all persons that are employees of the City of Campbell who are or become contributing members of the Public Employees Retirement System of Ohio, except elected officials and Police and Fire Personnel.
(c) The City’s method of payment of salary to employees who are participants in P.E.R.S. is hereby modified as follows, in order to provide for a fringe benefit pick up of employee contributions to P.E.R.S.
(d) Effective April 15, 1992, as a fringe benefit, the total salary and/or wage paid to each covered employee shall be increased by 4.5%. Said increase shall be applied to the “pick up” of 4.5 percent of the total of 8.5 percent employee contribution to the Public Employees Retirement System.
(e) The Director of Finance is hereby authorized and directed to implement the provisions of this section to institute the “pick up” of the statutorily required contributions to the Public Employees Retirement System of Ohio for those persons reflected in subsection (b) herein so as to enable them to obtain the result in federal and state tax deferments and other benefits.
(Ord. 92-8611. Passed 10-7-92.)