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ORDINANCE NO, 52-07 BY; Antonio, Butler, Demro, Dever, FitzGerald, Madigan, Seelie. AN ORDINANCE to take effect immediately provided it received the affirmative vote of at least five (5) members elected to Council otherwise, it shall take effect and be in force afLer the earliest period allowed by law, authorizing the City of Lakewood to pick up the statutorily required contribution to the Public Employees Retirement System of Ohio for the employees of the City pursuant to Internal Revenue Code Section 414 (h) (2). WHEREAS, pursuant to federal and Ohio laws, the employees of the Qty of Lakewood could defer the federal and state income taxes on a portion of their wages or salaries if the City of Lakewood would "pick up" (assume and pay) the statutorily required contribution by such elected officials and covered employees to the Public Employees Systems of Ohio; and WHEREAS, the City of Lakewood will not incur any additional costs in the deferment of federal and state income taxes, WHEREAS, this Council by a vote of at least five members elected thereto determines that this ordinance is an emergency measure, and that this ordinance shall take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 12 of the SECOND AMENDED CHARTER OF THE CI-P( OF LAKEWOOD, and that it is necessary to provide for the usual daily operation of the City in that in the interest of public, service, welfare and safety, it is necessary to adjust the compensation of employees. Now, therefore, BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. Effective January 1, 2007 the full amount of the statutority required contributions to the Public Employees Retirement System (PERS) of Ohio shall be withheld from the gross pay of each person within any of the classes established in Section 2 herein and shall be "picked up" (assumed and paid to the Public Employees Retirement System of Ohio) by the City of Lakewood. This "pick up" by the City of Lakewood is, and shall be designated as, public employee contributions and shall be in lieu of contributions to the Public Employees Retirement System of Ohio by each person within any of the classes established in Section 2 herein. 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 directly instead of having it "picked up" by the City of Lakewood or of being excluded from the "pick up." The City of Lakewood shall, in reporting and making remittance to the Public Employees Retirement System of Ohio report that the public employees contribution for each person subject to this "pick up" has been made as provided by the statute. Section 2. The "pick up" by the City of Lakewood provided by this ordinance shall apply to all persons that; Are employees of the City of Lakewood who are or become contributing members of the Public Employees Retirement System of Ohio Section 3. The City's method of payment of salary to employees who are participants in PERS is hereby modified as follows, in order to provide for a salary reduction pick-up of 100% of the employee contributions to PERS.