(A) Effective as of September 1, 2003, the county desires to pick-up all of the additional employee contributions made by employees through a binding irrevocable payroll deduction authorization. No additional employee contributions prior to August 26, 2003 shall be picked-up.
(B) Such additional employee contributions for state law purposes, are being paid by the county in lieu of said contributions by the employee.
(C) The county shall comply with all of the terms and provisions of the Pick-Up Regulation and applicable provisions of the Internal Revenue Code.
(Ord. 2003-HCC-16, passed 8-26-03)
Statutory reference:
For statute authorizing employer pick-up of additional employee retirement contributions, see I.C. 5-10.2-3-2