2014-22

PICK–UP RESOLUTION

EXISTING PICK–UP PLAN

RESTATED RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARION OHIO

The City Council of City of Marion, Marion County, Ohio met at a duly called and authorized meeting of the City Council on the date set forth below, such meeting being duly called pursuant to a notice stating the time, place and purpose of the meeting received by all Council members, and the following resolutions were made, seconded, and adopted by those present at the meeting.

 

 

WHEREAS, the eligible employees of the City of Marion Fire Department participate in the Ohio Police & Fire Pension Fund;

 

 

WHEREAS, the City Council has previously adopted a pick–up of 6% of the mandatory contributions required to be paid under Section 742.31 of the Ohio Revised Code for participating employees of the City of Marion Fire Department who are members of the Ohio Police & Fire Pension Fund;

 

 

WHEREAS, Ohio Police & Fire Pension Fund has adopted new procedures for reporting picked–up contributions in order to properly prepare 1099–R forms for its members;

 

 

WHEREAS, the City Council wishes to reaffirm, amend and/or restate its prior resolution in order to continue the pick–up under the new procedures;

 

 

NOW, THEREFORE, BE IT RESOLVED, that effective as of December 14, 2014, the Marion City Council has determined to pick–up 0% of the mandatory contributions by the employees who are members of the Ohio Police & Fire Pension Fund. All of the mandatory contributions will be paid by the employee as taxed contributions.

 

 

 

Dated this ___________ day of _____________________, 20______.

 

 

 

 

                                                                        ___________________________

                                                                        Dave Edwards

Approved:                                                       President of Council

 

 

______________________________

Mayor Scott Schertzer

 

 

Attest;

 

 

______________________________

Clerk of Council