Member's Contribution to Pension Fund. (A) 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. (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 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 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) 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. 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.
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.
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. 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.
