Explanation
This ordinance is necessary for the City of Columbus to comply with Ohio Public Employees Retirement System (OPERS) requirements regarding Recognition of Pick-Up of Employee Contributions, to aid in the proper recognition of employer "pick-up" (or pre-tax) contributions pursuant to Internal Revenue Code 414(h)(2).
Title
To comply with OPERS requirements regarding Recognition of Pick-up of Contributions, for employees covered by the CWA Local 4502 agreement, and to declare an emergency.
Body
WHEREAS, employees covered by the CWA Local 4502 agreement are contributing members of OPERS; and
WHEREAS, the City of Columbus has previously adopted a pick-up plan for employees covered by the CWA Local 4502 agreement and who are contributing members of OPERS; and
WHEREAS, OPERS has requirements for reporting changes to pick-up contribution plans pursuant to Internal Revenue Code 414(h)(2); and
WHEREAS, the City of Columbus wishes to change its prior ordinance in order to continue the pick-up under the OPERS requirements; and
WHEREAS, passage of this ordinance reaffirms Columbus City Council acceptance of the pick-up changes as identified in ordinance #2767-2014,
WHEREAS, an emergency exists in the usual daily operation of the City of Columbus in that it is immediately necessary to comply with OPERS requirements regarding Recognition of Pick-up of Contributions, to aid in the proper recognition of employer "pick-up" (or pre-tax) contributions thereby preserving the public health, peace, property, safety and welfare; now, therefore:
BE IT ORDAINED BY THE OF THE CITY OF COLUMBUS:
SECTION 1: Effective April 26, 2015, the full amount of the statutorily required employee contributions to OPERS shall be withheld from the gross pay of each person within the class established in Section 2 herein and shall be “picked up” (assumed and paid to OPERS) by the City of Columbus. This “pick up” by the City of Columbus shall be designated as public employee contributions a...
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