(A) Effective May 17, 1992, the full amount of the statutorily required contributions to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio shall be withheld from the gross pay of each person within any of the classes established in division (C) of this section and shall be picked up (assumed and paid to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio) by the city. This pick up by the city is, and shall be designated as, Public Employee contributions and shall be in lieu of contributions to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio by each person within any of the classes established in division (C).
No person subject to this pick up shall have the option of choosing to receive the statutorily required contributions to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio directly instead of having it picked up by the city or of being excluded from the pick up.
(B) The city shall, in reporting and making remittances to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio report that the public employee's contribution for each person subject to this pick up has been made as provided by the statute.
(C) The pick up by the city provided by this section shall apply to all persons who are full time administrative or police bargaining unit employees of the city who are or become contributing members of either the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio.
(D) The city's method of payment of salary to employees who are participants in the pick up program is hereby modified as follows, in order to provide for a salary reduction pick-up of employee contributions to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund.
(E) The total salary for each employee participating in the pick up program shall be the salary otherwise payable under the city's policies. Such total salary of each employee shall be payable by the city in two parts: deferred salary and cash salary. An employee's deferred salary shall be equal to that percentage of that employee's total salary which is required from time to time by the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund to be paid as an employee contribution by that employee, and shall be paid by the city to these funds on behalf of that employee as a pick-up and in lieu of the 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 city shall compute and remit its employer contributions to the Retirement System based upon an employee's total salary. The total combined expenditures of the city for such employees' total salaries payable under applicable city 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.
(F) Effective April 19, 1993, the pick up by the city provided by this section shall apply to all persons who are full-time employees of the West Carrollton Independent Employees Association bargaining unit who are, or become, contributing members of the Public Employees Retirement System of Ohio.
(G) The Finance Director is hereby authorized and directed to implement the provisions of this section to institute the pick up of the statutorily required contributions to the Public Employees Retirement System of Ohio and the Police and Firemen's Disability and Pension Fund of Ohio for those persons reflected in divisions (C) and (F) herein so as to enable them to obtain the result in federal and state tax deferments and other benefits.
(Ord. 2856, passed 4-14-92; amend. Ord. 2894, passed 3-9-93)