2015-17

PICK–UP RESOLUTION

EXISTING PICK–UP PLAN

RESTATED RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MARION OHIO, AND DECLARING AN EMERGENCY

 

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 Police Department participate in the Ohio Police & Fire Pension Fund;

 

 

WHEREAS, the City Council has previously adopted a pick–up of 8.5% of the 12.25% mandatory contributions required to be paid under Section 742.31 of the Ohio Revised Code for participating employees of the City of Marion Police 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 September 6, 2015, 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 12.25 % of the mandatory contributions will be paid by the employee as taxed contributions.

 

 

Section 1.  That this resolution is hereby declared to be an emergency measure necessary for the immediate preservation of the public peace, welfare and safety of said City and for the further reason that it is necessary for the daily operation of the City; and for further reason that this legislation needs to be sent back to the pension board as soon as possible;  and as such shall take effect and be in force immediately upon its passage and approval by the Mayor, provided it receives the affirmative vote of two-thirds of all members elected to Council; otherwise it shall become effective from and after the earliest period allowed by law.

 

 

                                                            _________________________________

Approved:                                           Dave Edwards

                                                            President of Council

 

__________________________

Mayor Scott Schertzer

 

Attest:

 

__________________________

Clerk of Council