OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM. 19.01 The City will continue the State mandated pension system.
OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM. 24.1 By statute, enacted by the General Assembly of Ohio, all employees, including part-time employees, of the Commission qualify and therefore automatically become members of the Ohio Public Employees Retirement System. Under the provisions of this law, the Commission must pay into the Retirement System an amount determined by the Retirement Board from time to time, as provided in statute. Such contributions are required in order to insure the liberal monthly benefits that are guaranteed to each employee upon retirement. Currently, the Commission is required to deduct 10% from the employee’s earnings and contribute an additional 14.0% of the total amount earned by member employees which are paid into the fund.
