(A) Effective as of June 23, 2004, the town desires to pick-up all of the additional employee contributions made by employees through a binding irrevocable payroll deduction authorization. No additional employee contributions prior to the town’s adoption of this section shall be picked-up.
(B) Said additional town contributions for state law purposes, and withheld from pay under the terms of the pick-up regulation and I.C. 5-10.2-3-2, are being paid by the town in lieu of said contributions by the employee.
(C) The town shall comply with all of the terms and provisions of the pick-up regulation and applicable provisions of the Internal Revenue Code.
(Res. 2004- , passed 4-28-2004; Res. 2004-6, passed 6-23-2004)