Member's Contribution to Pension Fund. That portion of the member contribution to the Fund of three and one-half percent (3.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective as soon as practicable following the acceptance of this collective bargaining agreement by City Council, but no earlier than December 9, 2014, that portion of the member contribution to the Fund of three percent (3%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2015, that portion of the member contribution to the Fund of two and one-quarter percent (2.25%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2016, that portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.
Member's Contribution to Pension Fund. That portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective as soon as practicable following the acceptance of this collective bargaining agreement by City Council, but no earlier than December 9, 2018, that portion of the member contribution to the Fund of one and one- quarter percent (1.25%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2019, that portion of the member contribution to the Fund of three quarters of one percent (0.75%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.
Member's Contribution to Pension Fund. (A) That portion of the member contribution to the Fund of five and one-half percent (5.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.
(B) The provisions of this Section shall apply uniformly to all members and no member shall have the option to elect a wage increase or other benefit in lieu of the payment provided for herein. The City shall, in reporting and making remittances to the Fund, report that each member's contribution has been made as provided by statute.
(C) Both parties hereby declare that the sum paid hereunder by the City on behalf of the member (i.e., 5.5%, 4.5%, 3.5% of the member's earned compensation) is not to be considered additional salary or wages and shall not be treated as increased compensation. For purposes of computing the member's earnings, or basis of the member's contribution to the Fund, the amount paid by the City on behalf of the member as a portion of the member's statutory obligation, is intended to be and shall be considered as having been paid by the member in fulfillment of the member's statutory obligation.
Member's Contribution to Pension Fund. That portion of the member's contribution to the Ohio Police and Fire Pension Fund (herein referred to as the "Fund"), equal to 7.5% of the member's earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member's contribution shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2009, that portion of the member contribution to the Fund of six and one-half percent (6.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution. Effective the pay period including December 9, 2010, that portion of the member contribution to the Fund of five and one-half percent (5.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.
Member's Contribution to Pension Fund. A. That portion of the member contribution to the Police and Firemen's Disability Fund of Ohio (herein referred to as the "Fund") equal to eight and one-half percent (8½%) of the member's earned compensation shall be paid by the member. The remaining portion of the member contribution shall be continued to be paid by the member, using the determined method of contribution.
B. The provisions of this Section shall apply uniformly to all members and no member shall have the option to elect a wage increase or other benefit in lieu of the payment provided for herein. The City shall, in reporting and making remittances to the Fund, report that each member's contribution has been made as provided by statute.
C. Both parties hereby declare that the sum paid hereunder by the City on behalf of the member is not to be considered additional salary or wages and shall not be treated as increased compensation. For purposes of computing the member's earnings, or basis of contributions to Fund, the amount paid by the City on behalf of the member as a portion of the member's statutory obligation, is intended to be and shall be considered as having been paid by the member in fulfillment of the member's statutory obligation.
D. For purposes of this Section 2, the term "earned compensation" shall mean any and all monies paid on or after December 1985, to a member by the City for which there is a pension contribution under or pursuant to any provision of this Agreement and without regard to the date, time, or pay period in which the original obligation for such payment may have occurred. However, it shall not include monies paid as and for uniform allowance as provided in this Agreement or monies paid to a member who has been terminated prior to December 31, 1985.
Member's Contribution to Pension Fund. (A) That portion of the member contribution to the Fund of one and one-half percent (1.5%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist
Member's Contribution to Pension Fund. A. Effective on or about September 13, 2015 that portion of the member contribution to the Police and Firemen's Disability Fund of Ohio (herein referred to as the "Fund") equal to eight and one-half percent (8½%) of the member's earned compensation that had previously been paid by the City shall paid by the member. The remaining portion of the member contribution shall continue to be paid by the member, using the determined method of contribution. On or about September 13, 2015 all members shall receive a base wage adjustment of eight and one-half percent increase to off- set the pension pick-up shift.
B. The provisions of this Section shall apply uniformly to all members and no member shall have the option to elect a wage increase or other benefit in lieu of the payment provided for herein. The City shall, in reporting and making remittances to the Fund, report that each member's contribution has been made as provided by statute.
C. For purposes of this Section 2, the term "earned compensation" shall mean any and all monies paid on or after December 1985, to a member by the City for which there is a pension contribution under or pursuant to any provision of this Agreement and without regard to the date, time, or pay period in which the original obligation for such payment may have occurred. However, it shall not include monies paid as and for uniform allowance as provided in this Agreement or monies paid to a member who has been terminated prior to December 31, 1985.
Member's Contribution to Pension Fund. The City shall, in reporting and making remittances to the Fund, report that each member’s contribution has been made as provided by statute. All members will be responsible for paying the full employee contribution to the Fund. This contribution is a salary reduction employer pick-up and is tax deferred.
Member's Contribution to Pension Fund. Prior to the acceptance of this Contract by City Council and the implementation of Section 20.2 (F), that portion of the member contribution to the Fund of three quarters of one percent (0.75%) of the member’s earned compensation shall be picked up (assumed and paid) on behalf of the member and, in lieu of payment by the member, by the City of Columbus. Any remaining portion of the member contribution which might exist shall continue to be paid by the member, using the determined method of pension contribution.
Member's Contribution to Pension Fund. A. Employees participating in the Ohio Police and Fire Pension Fund ("OPF") shall be required to contribute a percent of their earnings to the OPF as required by applicable law. Such contribution shall be deducted from the employee's pay and forwarded to the OPF. If permitted by applicable law, such deductions will be structured so that they are "pre-tax" in order to defer income taxes on such contributions.
