(a) Effective April 1, 1988, the Municipality shall pay a portion of the employee contribution to the Public Employees Retirement System for all full time employees of the Municipality who are members of the Public Employees Retirement System in the amount of three percent (3%).
(b) Effective April 1, 1988, the Municipality shall pay the employee contribution to the Police and Fire Pension Fund of the State of Ohio, for all full time employees who are members of the Police and Fire Pension Fund in the amount of three percent (3%).
(c) The Municipality hereby specifies that the three percent (3%) contribution being paid by the employer will be in lieu of three percent (3%) of the employee's contribution.
(d) Employees of the Municipality will not be given the option of choosing to receive the three percent (3%) contribution directly but the Municipality will directly pay these contributions to the Public Employees Retirement System.
(e) The Finance Director be and is hereby authorized to draw her warrants upon receipt of vouchers duly approved by the Administrator.
(Ord. 5-88. Passed 2-9-88.)
(Ord. 5-88. Passed 2-9-88.)