Section 2-194 Salary assessment.

Prior to the adoption of TQM Code Update - Ch. 2 on 10/11/2004, Section 2-194 read as follows.

    (a)    The salary of each member of the  pension fund shall be assessed and taxed in accordance with the following funding table which shall continue in effect until changed by city council action:

    (1)    Prior to January 1, 1997 - Class  A and Class B Members:  Three percent (3%) of all  salary

    (2)    For the Period Beginning January  1, 1997 - Class A and Class B members:  Three and  one-half percent (3.5 %) of all salary.

    (3)    For the period beginning January  1, 1999 - Class A, Class B, and Class C members: Three percent  (3 %) of all salary.

    (4)  For the period beginning January 24, 2000:  Class A, Class B, and Class C members: Three and three-quarter percent (3.75%) of all salary.

    (5)  For the period begining January 8, 2001:  Class A, Class B, and Class C members:  Four percent (4%) of all salary.

    (6) For the period beginning January 7, 2002:  Class A, Class B, and Class C members : Five percent (5%) of all salary.

    (7) For the period beginning September 1, 2003:  Class A, Class B, and Class C members: Six and a half percent (6.5%) of all salary.

 The term "salary" means the salary received for the standard payroll period, exclusive of overtime pay. Salary shall include merit or other bonuses received for the performance of duties, but salary shall not include special award or incentive payments such as the wellness incentive program, the employee suggestion awards program, and the like.

    (b)    The salary of each employee employed  by the city after January 1, 1959, and all other employees who have accepted Social Security, is hereby assessed and taxed in such amounts and at such times as may be required by applicable state and federal laws or regulations governing Social Security.

    (c)    Notwithstanding anything contained  herein to the contrary, the wage or salary of each employee of the adopting employer named in section 2-186 of this article V shall be assessed and  taxed in a like manner as all members of the pension fund.

(Ord. of 12-23-96(1),  I; Ord. of 10-12-98,   VII; Ord of 2-8-99; Ord of 1-25-00; Ord of 12-10-2001; Ord of 7-14-2003)