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Thursday
Jan052012

Ordinance 41-99

 
WHEREAS, pursuant to federal and Ohio laws, the employees
of
the Village of Granville could defer the federal and state
income taxes on a portion of their wages or salaries if the
Village of Granville would "pick up" (assume and pay) the
statutorily required contribution by such elected officials
and covered employees to the Police and Firemen’s
Disability
and Pension Fund of Ohio; and

WHEREAS, the Village of Granville will not incur any
additional costs in the deferment of federal and state
income taxes.

NOW, THERFORE, Be it ordained by the Council of Granville,
Ohio, that:

Section I:    Effective January 1, 2000 the full amount
of
the statutorily required contributions to the Police and
Firemen’s Disability and Pension Fund 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 Police and Firemen’s
Disability
and Pension Fund of Ohio) by the Village of Granville.  
This
"pick up" by the Village of Granville is , and shall be
designated as, public employee contributions and shall be
in
lieu of contributions to the Police and Firemen’s
Disability
and Pension Fund 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 Police
and Firemen’s Disability and Pension Fund of Ohio directly
instead of having it "picked up" by the Village of
Granville
or of being excluded from the "pick up".

The Village of Granville shall, in reporting and making
remittance to the Police and Firemen’s Disability and
Pension Fund 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 II:    The "pick up" by the Village of Granville
provided by this ordinance shall apply to all persons that:
        Are employees of the Village of Granville
who are or become contributing members of the Police and
Firemen’s Disability and Pension Fund of Ohio, with the
exception of seasonal, part time or temporary employees.

Section III:    The Village’s method of payment of salary
to
employees who are participants in PFDPF is hereby modified
as follows, in order to provide for a salary reduction
pick-up of employee contributions of PFDPF.

Section IV:    The total salary for each employee shall be
the salary otherwise payable under the Village policies.  
Such total salary of each employee shall be payable by the
Village in two parts:  (a) deferred salary and (b) cash
salary.  An employee’s deferred salary shall be equal to
that percentage of that employee’s total salary which is
required from time to time by PFDPF to be paid as an
employee contribution by that employee, and shall be paid
by
the Village to PFDPF on behalf of that employee as a pick-
up
and in lieu of the PFDPF employee contribution otherwise
payable by that employee.  An employees cash salary shall
be
equal to that employees total salary less the amount of the
pick-up for that employee, and shall be payable, subject to
applicable payroll deductions, to that employee.  The
Village shall compute and remit its employer contributions
to PFDPF based upon an employee’s total salary.  The total
combined expenditures of the Village for such employees’
total salaries payable under applicable village policies
and
the pick-up provisions of this Resolution shall not be
greater than the amounts it would have paid for those items
had this provision not been in effect.

Section V:    The Finance Director is hereby authorized
and directed to implement the provisions of this Ordinance
to institute the "pick up" of the statutorily required
contributions to the Police and Firemen’s Disability and
Pension Fund of Ohio for those persons reflected in Section
II herein so as to enable them to obtain the result in
federal and state tax deferments and other benefits.

Section  VI:    That this ordinance shall take effect and
be
in full force from and after the earliest period allowed by
law.


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