(a) Affective as of 12:01 a.m. on January 1, 1988, and subject to the provisions of subsection (c) hereof, the full amount of the statutorily required contribution to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund shall be withheld from the gross pay of each City employee who qualifies and contributes to P.E.R.S. of Ohio or the Police and Firemen's Disability and Pension Fund and shall be "picked up" (assumed and paid to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund) by the City of Vermilion. This designated pick-up by the City of Vermilion, commencing as of January 1, 1988, is and shall be designated as public employee contributions and shall be in lieu of contributions to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund by each employee. No person subject to this pick-up shall have the option of choosing to receive the statutorily required contribution to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund directly instead of having it picked up by the City of Vermilion or of being excluded from the pick up.
The City of Vermilion shall, in reporting and making remittance to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund, report that the public employee's contribution for each person subject to this designated pick-up has been made as provided by statute.
(b) The designated pick-up by the City of Vermilion, as provided by this section, shall apply to all City employees who qualify for and contribute to the Public Employees Retirement System of Ohio or the Police and Fireman's Disability and Pension Fund.
(c) If any employee herein is subject to a pick-up by the City of Vermilion of his or her statutorily required contribution to the Public Employees Retirement System of Ohio or the police and Firemen's Disability and Pension Fund other than as provided by this chapter, the pick-up provided in subsection (a) hereof shall apply only to an amount equal to the difference between the full amount of that person's statutorily required contribution to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund and the amount which is picked-up by the City of Vermilion other than as provided by this chapter.
(d) The gross wage or salary of any persons subject to the designated pick-up provided by this chapter shall not change as a result of this pick-up.
(e) The Finance Director is hereby directed to implement the provisions of this chapter to effect the designated pick-up of the statutorily required contributions to the Public Employee Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund for those employees established herein so as to enable them to obtain the resulting Federal and State deferments.
(Ord. 87-97. Passed 12-7-87.)