8652-13 Amending Employee Contributions to Pension for Police

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public peace, property, health and safety, and to provide for the usual daily operation of municipal departments in that these new requirements go into effect July 1, 2013. Now therefore, BE IT RESOLVED BY 171E CITY OF LAKEWOOD, OHIO: Section l: That effective as of July 1, 2013, this Council has determined to continue to pick -up all of the ten and three quarter percent (10.75 %) mandatory contributions by the employees who are members of the Ohio Police and Fire Pension fond through a payroll reduction. Section 2: That effective as of July 1, 2014, this Council has determined to continue to pick -up all of the eleven and one half percent (11.5 %) mandatory contributions by the employees who are members of the Ohio Police and Fire Pension funs( through a payroll reduction. Section 3: That effective as of July 1, 2015, this Council has determined to continue to pick -up all of the twelve and one quarter percent (12.25 %) mandatory contributions by the employees who are members of the Ohio Police and Fire Pension fund through a payroll reduction. Section 4: That said picked up contributions paid through a payroll reduction, even though designated as employee contributions for state law purposes, are being paid by the City of Lakewood in lien of said contributions by the employee. Section 5: That said picked up contributions will not be included in the gross income of the employees for tax reporting purposes, that is, for federal or state income tax withholding taxes, until distribute(( from the Ohio Police and Fire Pension Fund. Section 6: That said picked up contributions will be included in the gross income of the employees, for employment tax purposes, as the contributions are made to the Ohio Police and Fire Pension Fund. Section 7: That said employees shall not be entitled to any option of choosing to receive the contributed amounts directly instead of having them paid by the City of Lakewood to the Ohio Police and Fire Pension Fund. Section 3. It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements.