The Board of Trustees of Miami Township, Clermont County, Ohio met in regular session at the Miami Township Civic Building on February 1, 2005 with the following members present: Mary Makley Wolff, Edwin H. Humphrey and Ken Tracy.
MR. TRACY made a motion to adopt the following Resolution:
RESOLUTION DECLARING THE PENSION PICK-UP FOR MEMBERS OF THE OHIO POLICE AND FIRE PENSION FUND PURSUANT TO OHIO ADMINISTRATIVE CODE SECTION 742-7-14(B), DISPENSING WITH THE SECOND READING
WHEREAS, the eligible employees of the Miami Township Fire and EMS Department participate on the Ohio Police and Fire Pension Fund ("OP&F"), and
WHEREAS, the Board of Trustees of Miami Township, Clermont County, Ohio ("Board of Trustees") desires to pick-up ten (10%) percent of the ten percent (10%) mandatory contributions through payroll deduction as required under Section 742.32 of the Ohio Revised Code for participating employees of the Miami Township Fire and EMS Department who are member of the OP& F; and
WHEREAS, OP&F has adopted new procedures for reporting picked-up contributions in order to properly prepare 1099-R forms for its members pursuant to Section 742.32 of the Ohio Revised Code and Section 742-7-14 of the Ohio Administrative Code; and
WHEREAS, the Board of Trustees wishes to reaffirm and amend and restate its prior resolution in order to continue the pick-up under the new procedures.
NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of Miami Township, Clermont County, Ohio by authority of Chapter 504 and Section 742.32 of the Ohio Revised Code, as follows:
SECTION 1: That effective immediately, the Board of Trustees has determined to continue the pick-up of ten (10%) percent of the ten percent (10%) mandatory contributions by employees who are members of the Ohio Police and Fire Pension Fund through payroll reduction.
SECTION 2: That said picked up contributions, if any, paid through a payroll deduction even though designated as employee contributions for state law purposes, are being paid by the Board of Trustees in lieu of said contributions by the employee.
SECTION 3: That the picked up treatment does not apply to contributions earned prior to the later of the date the Resolution is signed or effective.
SECTION 4: That said employee shall not be entitled to any option of choosing to receive the contributed amounts directly instead of having them paid by the Board of Trustees to the Ohio Police and Fire Pension Fund.
SECTION 5: The Board does hereby dispense with the requirement that this Resolution be read on two separate days, pursuant to Section 504.10 of the Ohio Revised Code, and authorizes the adoption of this Resolution upon its first reading.
SECTION 6: That this Board hereby finds and determines that all formal actions relative to the passage of this Resolution were taken in an open meeting of this Board, and that all deliberations of this Board and of its Committees, if any, which resulted in formal action, were taken in meetings open to the public, in full compliance with applicable legal requirements, including Section 121.22 of the Ohio Revised Code.
SECTION 7: This Resolution shall take effect at the earliest period allowed by law.
First Reading: February 1, 2005
Second Reading: Dispensed with
Effective: March 3, 2005
MR. HUMPHREY seconded the motion to adopt the Resolution. On the roll call
being called the vote resulted as follows:
Mrs. Wolff AYE
Mr. Humphrey AYE
Mr. Tracy AYE
Resolution 2005- 08 adopted February 1, 2005.