161.02 PENSION PICKUP.
(a) A portion of the employee pension contribution made by an employee to his or her respective pension fund (either the Public Employees Retirement System of Ohio, or the Police and Firemen's Disability and Pension Fund), such portion being equal to six percent (6%) of the employee's earned compensation, shall be assumed and paid (commonly referred to as Apicked up") by the City on behalf of the employee, in lieu of payments by the employee. The remaining portion of the employee contribution shall continue to be paid by the employee. This provision for pension pickup shall not be applicable to seasonal, temporary or part-time employees, who shall be required to pay their full contribution. Elected City officials are eligible for pension pickup. (Ord. 114-98. Passed 1-5-99)
(b) The City, in reporting any remittances of the payments authorized by subsection (a) hereof, either to the Public Employees Retirement System of Ohio, or the Police and Firemen's Pension Fund, shall report that each employee's contribution has been made as provided by statute. This payment by the City on behalf of the employee is not to be considered additional salary or wages and shall not be treated as increased compensation unless mandated by State or Federal law.
(c) For purposes of computing the employee's earnings, or the basis of his or her contribution to the Public Employees Retirement System of Ohio or the Police and Firemen's Disability and Pension Fund, the amount paid by the City on behalf of the employee as a portion of the employee's statutory obligation shall be considered as having been paid by the employee in fulfillment of the employee's statutory obligation.
(Ord. 104-93. Passed 12-21-93.)