(A) Upon August 26, 2002 employees of the village described in division (B) of this section, may purchase additional service credit, tax-deferred, and the village shall withhold the required service credit deduction from the gross pay of each person who elects to do so and shall pick up (assume and pay) such deduction to the Ohio Police and Fire Pension Fund or the Public Employees Retirement System of Ohio. A person electing this pick up deduction shall not have the option of choosing to receive the payroll deduction directly instead of having this deduction picked up by the village. Members who have elected to participate in this plan cannot increase, decrease, or terminate the amount of the pick up deduction.
(B) The pick up deduction by the village as provided by this section shall apply to all persons making the election within the following classes: All full-time or permanent part-time employees of the village who are contributing members of the Ohio Police and Fire Pension Fund or Public Employees Retirement System of Ohio.
(C) The City Manager is hereby authorized and directed to implement the provisions of this section to effect the pick up of the payroll deduction for the purchase of additional service credit to the Ohio Police and Fire Pension Fund or Public Retirement System for those persons within the classes established in division (A) of this section.
(Ord. 17-02, passed 8-26-02)