(a) Council shall designate all participating employees’ mandatory contribution to the Police Pension Fund as “picked-up” by the Village, although they shall continue to be designated as employee contributions. The amount of the employee’s income reported by the Village as subject to Federal and State Income Tax, shall be the employee’s total gross income, reduced by the then current percentage amount of the employee’s mandatory retirement contribution. No employee’s total salary shall be increased by such “pick-up” nor shall the Village’s total contribution to the Police Pension Fund be increased thereby.
(b) This “pick-up” provision shall apply to all participating employees of the Village of Greenhills.
(c) This “pick-up” plan shall be effective with the first payroll date of 1983.
(d) In the event that a majority of Village employees do not desire this “pick-up” plan, or if there is an adverse determination from the Internal Revenue Service affecting the qualifying status of this “pick-up” plan, this “pick-up” provision shall be null and void.
(Ord. 83-54F. Passed 12-19-83.)