Section 2-194 Salary assessment.

Prior to the adoption of 2000 (2-194) on 01/25/2000, 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)    Class A: three percent (3.0%) of all salary;Prior  to January 1, 1997 - Class A and Class B Members:  Three percent (3%) of all salary

     (2)    Class B:For the Period Beginning January 1, 1997 - Class A and Class B members:  Three  and one-half percent (3 1/2 % of all salary.

        a.    For all periods prior  to January 1, 1997, three percent (3.0%) of all salary,

        b.    For all periods after  December 31, 1996, three and one-half percent (3.5%) of all salary.  Contributions required of employees will be picked up by the city. Any contributions so picked up  shall be considered as employer contributions pursuant to section 414(h)(2) of the Internal Revenue Code. Any amount so picked up shall be considered as an employee contribution for all other plan  purposes, including for all purposes of determining benefits under the plan. This section is intended  to comply with section 141(h) of the Internal Revenue Code;

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

        Three and one-half percent (3.5%) of all salary. Contributions required of employees will be  picked up by the city. Any contributions so picked up shall be considered as employer  contributions pursuant to section 414(h)(2) of the Internal Revenue Code. Any amount so picked up shall be considered as an employee contribution for all other plan purposes, including for all  purposes of determining benefits under the plan. This section is intended to comply with section  414(h) of the Internal Revenue Code.

     (4)  For the period beginning January 24, 2000:  Class A, Class B,  and Class C members: Three and three-quarter percent (3 3/4%) 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)