|Water issues dominate city council session|
|Written by Greg Scherger|
|Wednesday, February 06, 2013 3:07 PM|
BY GREG SCHERGER
Council also heard but took no action on first reading to legislation providing for a fund transfer from the General Fund to the Police & Fireman’s Pension funds to bring the specified funds from a deficient position in accordance with recommendation from the State of Ohio Auditor’s Office; and to amend the Police and Fire Pensions Funds in accordance with IRS regulations. The new requirements directs a tax-deferred amount of 10.75 percent on employee contributions to the fund to be channeled through a payroll deduction by the City to the Ohio Pension fund for the affected employees.
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