Prior to the adoption of Ord. 018160 on 07/06/2004, Section 18-40 read as follows.

    (a)     Covered police employees shall be assessed and required to pay into the fund three and five-tenths (3.5) per cent of their compensation. “Compensation,”as used in this subsection, includes salary, wages, overtime pay, amounts contributed to a cafeteria plan under code section 125, amounts contributed to a deferred compensation plan under code section 457, amounts contributed to this plan on behalf of a covered employee and picked up by the city under code section 414(h), sick leave buy back payments, automobile allowance payments, and cash in lieu of vacation paid under section 19-129(b).  Compensation does not include payment for unused vacation days or unused floating holidays, workers compensation payments, safety awards, or any other payment or benefit not listed in this subsection.

    (b)     The contributions of covered police employees shall be deducted from the their biweekly compensation paid to each by the administrator and placed in the PRF police retirement fund. Deduction of contributions shall be a term and condition of employment; acceptance and continuance in employment shall be deemed to be the assent of an employee to deductions.

    (c)     Nothing herein shall be deemed to prevent or prohibit the payment by covered employees of the police department of the Social Security Tax under the Federal Old-Age and Survivors Insurance Act. Such sums shall be paid by the police employee and collected by the city as provided by law.

    (d)    The city shall pick up employee contributions required of covered police employees for all compensation earned after the effective date of this provision. The contributions so picked-up shall be treated as employer contributions in determining tax treatment under the code. The city shall pick up these contributions from funds established and available, which funds would otherwise have been designated as employee contributions and paid to the retirement fund. Employee contributions picked-up by the city pursuant to this provision shall be treated for all other purposes, in the same manner and to the same extent, as employee contributions made prior to the effective date of this provision.

The effective date of this provision shall be the first day of the first pay period following at least thirty (30) days after the city has received notification from the Internal Revenue Service that p Pursuant to section 414(h) of the code, these employee contributions so picked up shall not be included in gross income for tax purposes until such time as they are distributed by refund or benefit payment.

    (ed)     The city shall pay into the police retirement fund all amounts that are needed, in addition to the contributions of covered police employees, to make the fund actuarially and financially sound. Exclusive benefit; mistake of fact. Except as otherwise provided in this plan, the trust fund shall be retained for the exclusive benefit of covered employees and their beneficiaries, shall be used to pay benefits to such persons, to pay administrative expenses to the extent not paid by the city, and shall not revert to or inure to the benefit of the city.

    (e)  The trustee administrator, shall return to the appropriate city fund the amount of the any city's contribution made by mistake of fact.

(Code 1964, § 9.1770; Ord. No. 9961, § 1, 10-3-88; Ord. No. 12868, § 1, 2-4-91; Ord. No. 13698 § 1, 6-7-93; Ord. No. 14982, § 1, 9-16-96; Ord. No. 15072, § 1, 12-2-96; Ord. No. 17444, § 1, 9-16-02)