Laserfiche WebLink
Section 3. The "pick up" by the City of Lakewood of employee contri- <br />butions to the Police and Firemen's Disability and Pension Fund, subject to the <br />provisions of Section 1 hereof, shall apply to all sworn members of the <br />Division of Police and Fire of the City of Lakewood who are members of the <br />Police and Firemen's Disability and Pension Fund. <br /> <br /> Section 4. The Director of Finance is hereby directed to implement <br />the provisions of this ordinance to effect the "pick up" of the statutorily re- <br />quired contributions to the Public Employees Retirement System of Ohio described <br />in this ordinance for those persons described in Section 2 hereof and to the <br />Police and Firemen's Disability and Pension Fund for those persons described in <br />Section 3 hereof, so as to enable them to obtain the resulting Federal and <br />State tax savings and in order to satisfy any requirements which may be <br />required under State tax savings and in order to satisfy any requirements which <br />may be required under State of Federal Law or by the Public Employees <br />Retirement Board or by the Board of Trustees of the Police and Firemen's <br />Disability and Pension Fund. <br /> <br /> Section 5. It is found and determined that all formal actions of <br />this Council concerning and relating to the passage of this ordinance were <br />adopted in an open meeting of this Council, and that all such deliberations of <br />this Council and of any of its committees that resulted in such formal action, <br />were in meetings open to the public, in compliance with all legal requirements <br />including Section 121.22 of the Ohio Revised Code. <br /> <br /> Section 6. That this ordinance is hereby declared to be an emergency <br />measure for the reasons set forth in the preamble hereof and provided it <br />receives the affirmative vote of two-thirds of all members elected to Council, <br />it shall take effect and be in force immediately upon its adoption and approval <br />by the Mayor; otherwise, it shall take effect and be in force after the <br />earliest period allowed by law. <br /> <br />PRESIDENT <br /> <br /> <br />