(a) For the categories of City employees listed in subsection (d) hereof, the contribution required to be made by each employee to the Ohio Public Employees Retirement Systems (PERS) or the Police and Firemen's Disability and Pension Fund, as applicable, as an employee contribution under Ohio R.C. 145.47 and 742.31, shall be paid by the City on behalf of the employee in lieu of contributions by the employee in accordance with this section.
(b) No employee's total compensation shall be increased. Each employee's compensation shall consist of two parts. A cash salary shall be the total compensation payable by the City to each employee in any pay period reduced by the amount payable by the City to PERS or the Police and Firemen's Disability and Pension Fund on behalf of such employee under subsection (a) hereof. Each employee's deferred amount shall be the pick-up amount payable by the City under subsection (a) hereof in lieu of contributions by the employee.
(c) This section shall apply to all employees in the categories listed in subsection (d) hereof. No such employee shall have the option to receive direct payment of the amounts contributed by the City to PERS or the Police and Firemen's Disability and Pension Fund on his or her behalf instead of having them contributed to PERS or the Police and Firemen's Disability and Pension Fund.
(d) This section shall apply to all City employees in the following categories:
(1) Regular full-time salaried classification;
(2) Regular full-time police officers;
(3) Regular full-time fire salaried compensations;
(4) Regular full-time hourly rated classifications; and
(5) Regular full-time Police Dispatcher.
(e) The Mayor or his or her designate is hereby directed to take all acts necessary and appropriate to initiate the implementation of this section, including, but not limited to, making applications to the Internal Revenue Service for private letter rulings concerning Federal tax treatment of the PERS and Police and Firemen's Disability and Pension Fund pick-up plans and making application to the PERS Board or the Police and Firemen's Disability and Pension Fund Board.
(f) Subject to any requirement imposed by the Internal Revenue Service, the PERS Board and the Police and Firemen's Disability and Pension Fund Board, this section shall apply to all payroll payments payable by the City to employees effective with the payroll payable immediately following the date this section takes effect (Ordinance 1988-68, passed March 7, 1988), provided that such payments shall be effective only so long as they are approved by the Public Employees Retirement Board or its agents or the Police and Firemen's Disability and Pension Fund Board or its agents.
(Ord. 1988-68. Passed 3-7-88.)