(a) Effective March 8, 1992, the full amount of the statutorily required contributions to the Public Employees' Retirement System of Ohio (PERS) shall be withheld from the gross pay of each person within any of the classes established in subsection (b) hereof and shall be "picked up" (assumed and paid to the PERS) by the Village. This pick-up by the Village is, and shall be designated as, public employee contributions and shall be in lieu of contributions to the PERS by each person within any of the classes established in subsection (b) hereof. No person subject to this pick-up shall have the option of choosing to receive the statutorily required contribution to the PERS directly instead of having it picked up by the Village or of being excluded from the pick-up.
The Village shall, in reporting and making remittance to the PERS, report that the public employee contribution for each person subject to this pick-up has been made as provided by State statute.
(b) The pick-up by the Village provided by this section shall apply to all employees of the Village who are or become contributing members of the PERS.
(c) The Village's method of payment of salary to employees who are participants in the PERS is hereby modified as follows, in order to provide for a salary reduction pick-up of employee contributions to PERS: The total salary for each employee shall be the salary otherwise payable under Village policies. Such total salary of each employee shall be payable by the Village in two parts:
(1) Deferred salary; and
(2) Cash salary.
An employee's deferred salary shall be equal to that percentage of the employee's total salary which is required from time to time by the PERS to be paid as an employee contribution by that employee, and the same shall be paid by the Village to the PERS on behalf of that employee as a pick-up and in lieu of the PERS employee contribution otherwise payable by that employee. An employee's cash salary shall be equal to that employee's total salary less the amount of the pick-up for that employee, and shall be payable, subject to applicable payroll deductions, to that employee. The Village shall compute and remit its employer contributions to the PERS based upon an employee's total salary. The total combined expenditures of the Village for such employee's total salary, payable under applicable Village policies, and the pick-up provisions of this section, shall not be greater than the amounts it would have paid for those items had this provision not been in effect.
(d) The Clerk-Treasurer is hereby authorized and directed to implement the provisions of this section to institute the pick-up of the statutorily required contributions to the PERS for those persons provided for in subsection (b) hereof so as to enable them to obtain the result in Federal and State tax deferments and other benefits.
(Ord. O-92-010. Passed 2-3-92; Ord. O-92-015. Passed 3-2-92.)