A. Employee contributions to the police pension fund shall be paid by the village on behalf of all employees enrolled in the fund upon receipt of a ruling from the internal revenue service that, pursuant to section 414(h) of the United States internal revenue code, such employer paid contributions are not included as gross income until they are distributed or made available.
B. The payment shall be made by reducing the gross earnings payable to employees by the amount of the contributions and by making payment of such amount directly to the fund.
C. Contributions, although designated as employee contributions, are being paid by the employer in lieu of contributions by the employee.
D. The employee does not have the option of choosing to receive the contributions directly instead of having them paid by the employer to the plan. (Ord. 92-31, 11-23-1992)