Common use of OPERS Clause in Contracts

OPERS. For tax deferment purposes, the full amount of the statutorily required Employee contribution to the Ohio Public Employees Retirement System (OPERS) shall be withheld from the gross pay of bargaining unit members. No bargaining unit member subject to this “pick-up” shall have the option of choosing to receive the statutorily required Employee contribution to the fund or of being excluded from the “pick-up.” The parties agree that the county will not incur any additional costs in the deferment of said federal and state income taxes. Should the Rules and Regulations of the Internal Revenue Service change, the parties agree that they will continue to follow the Rules and Regulations of the Internal Revenue Service with regard to such deferment.