Title
AN ORDINANCE AMENDING ORDINANCE NUMBER 2005-053 AUTHORIZING THE CITY OF GROVEPORT'S PICK UP OF THE STATUTORILY REQUIRED CONTRIBUTION TO THE OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM FOR THE EMPLOYEES OF THE CITY OF GROVEPORT PURSUANT TO IRC SECTION 414(h)(2).
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WHEREAS, pursuant to federal and Ohio laws, the City of Groveport may offset future salary increases and "pick up" (assume and pay) the contributions statutorily required by such elected officials and covered employees to the Ohio Public Employees Retirement System (OPERS) and such individuals will not be required to pay federal and state income taxes on such contributions.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF GROVEPORT, FRANKLIN COUNTY, OHIO, A MAJORITY OF ITS MEMBERS CONCURRING:
Section 1: That effective July 13, 2026, three percent (3%) of the statutorily required employee contributions to OPERS shall be picked up and paid as a fringe benefit by the City of Groveport for each person within any of the classes established in Section 2 herein. The pick up shall be an offset against future salary increases. This “pick up” by the City of Groveport shall be designated as public employee contributions and shall be in lieu of contributions to OPERS 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 OPERS directly instead of having it “picked up” by the City of Groveport or of being excluded from the “pick up”. The City of Groveport shall, in reporting and making remittance to OPERS, report that the public employees' contributions for each person subject to this “pick up” has been made as provided by the statute. Therefore, contributions, although designated as employee contributions, are employer-paid, and employees do not have the option to receive the contributions directly. All contributions are paid by the employer directly to th...
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