(a) The City hereby elects to pick up Michigan Municipal Employees' Retirement System (MERS) members' contributions as provided by the Internal Revenue Code. Such picked up contributions shall be remitted directly by the City to the MERS. Further contributions remitted are designated as employer contributions for purposes of the Retirement System which are being paid by the City in lieu of the employee contribution requirements, and the employees will not be given the option to receive the contributed amounts directly instead of having them paid to the pension plan.
A copy of this subsection shall be filed with the MERS and the City Payroll Officer for purposes of implementing this action.
(Res. 94-14. Passed 9-19-94.)
(b) The City hereby elects to provide the MERS Plan B-3 for all its non-union employees, for the employees in the AFSCME Bargaining Unit and for its Chiefs, Lieutenants and Sergeants Group. As part of this change, employees will also contribute to the retirement plan on a phased-in basis. Employees will make a one percent contribution in fiscal year 1994, a 1.5 percent contribution in fiscal year 1995 and a two percent contribution in fiscal year 1996 and all years thereafter. This change will take effect beginning October 1, 1994. Effective May 10, 1999, all general non-union employees of the City shall make a 4.27 percent contribution to the retirement plan.
A copy of this subsection shall be filed with the MERS and the City Payroll Officer for purposes of implementing this action.
(Res. 94-15. Passed 9-19-94; Res. 99-15. Passed 5-10-99.)
(c) The City hereby elects to provide the MERS Plan B-3 for all its police union (POAM) employees. As part of this change, employees will also contribute to the retirement plan on a phased in basis. Employees will make a 0.5 percent contribution in fiscal year 1997/98, a 1.0 percent contribution in fiscal year 1998/99, a 1.5 percent contribution in fiscal year 1999/00, and a 2.0 percent contribution in all years thereafter. This change will take effect beginning July 1, 1997.
A copy of this subsection shall be filed with the Michigan Municipal Employees’ Retirement System and the City Payroll Officer for purposes of implementing this action. (Res. 97-27. Passed 11-24-97.)