155.15 RETIREMENT SYSTEM; PICK-UP PLAN FOR ELECTED OFFICIALS AND EMPLOYEES.
   (a)   Effective April 5, 1990, the full amount of the statutorily required contribution to the Ohio Public Employees Retirement System shall be withheld from the gross pay of each City elected official and of each person who is an employee of the City who is a member of the Ohio Public Employees Retirement System and shall be "picked up" (assumed and paid to the Ohio Public Employees Retirement System) by the City. This "pick up" by the City is and shall be designated as public employee contributions and shall be in lieu of contributions to the Ohio Public Employees Retirement System by each such person. No person subject to this "pick up" shall have the option of choosing to receive the statutorily required contribution to the Ohio Public Employees Retirement System instead of having it "picked up" by the City.
   (b)   The City through its proper officers shall, in reporting and making remittance to the Ohio Public Employees Retirement System, report that the public employee's contribution for each person subject to their "pick up" has been made by the City of Loveland in lieu of contributions to said Ohio Public Employees Retirement System by each such person and that such contributions are designated as public employee contributions.
(Ord. 2011-80. Passed 10-11-11.)