(a) Pursuant to present Federal and State law, all full-time employees of the Police and Fire Divisions of the Village who contribute to the Police and Firemen's Disability and Pension Fund of Ohio may defer Federal and State income taxes on a portion of their wages and salaries if the Village would pickup the statutorily required contribution by such employees to the Police and Firemen's Disability and Pension Fund.
(b) The Village will not incur any additional costs in the deferment of Federal and State income taxes.
(c) Effective January 1, 1985, the full amount of the statutorily required contribution to the Police and Firemen's Disability and Pension Fund shall be withheld from the gross pay of each employee and shall be picked up (assumed and paid to the Police and Firemen's Disability and Pension Fund). This pick-up shall be designated as the public employee's contribution and shall be in lieu of contributions to the Police and Firemen's Disability and Pension Fund by each employee. No employee subject to this pick-up shall have the option of choosing to receive the statutorily required contribution to the Police and Firemen's Disability and Pension Fund directly instead of having it picked up by the Village or being excluded from the pick-up.
The Village shall, in reporting and making remittance to the Police and Firemen's Disability and Pension Fund, report that the public employee's contribution for each person subject to this pick-up has been made as provided by statute.
(d) The gross wage or salary of any person subject to the pick-up provided by this section shall not change as a result of this pick-up.
(e) The Director of Finance is hereby directed to implement this section to effect the pick-up of the statutorily required contributions to the Police and Firemen's Disability and Pension Fund for those employees within the classes established in subsection (a) hereof so as to enable them to obtain the resulting Federal and State tax deferments and other benefits.
(Ord. 53-1984. Passed 10-2-84.)