The employer shall deposit bi-weekly with the company to the account of the member an amount equal to 3% of the bi-weekly salary otherwise payable or creditable to the member, instead of paying or crediting such amount to the member directly. The amount so deposited shall be designated as “salary reduction contributions”, but, although designated as employee contributions, are being paid by the employer in lieu of contributions by the member. Such contributions shall be fully vested and nonforfeitable for purposes of the plan. Such contributions are a condition of the employment of any member, and no member has discretion to receive the contributions directly instead of having them paid by the employer to the plan. The amount of withholding and contributions by the employer for purposes of FICA shall be computed on the amount of the member’s earned income, but the whole of the amount to be withheld shall be withheld solely from that portion of the member’s earned income payable or creditable to the member after deduction of the salary reduction contributions.
(Ord. 3148, passed - -1990)