HomeMy WebLinkAbout2507ORDINANCE NO. bre /
AN ORDINANCE of the City of Kent,
Washington taking advantage of opportunities
extended by 26 USC Section 414(h) and
Chapter 227, Laws of 1984 for deferral of
federal income taxes upon employee contribu-
tions to the Law Enforcement Officers and
Firefighters Retirement System and the
Washington Public Employees Retirement System;
authorizing the making of the "employer's
pick-up" (payment of the employee's contribu-
tion and the making of a corresponding reduc-
tion in wages or salaries); and adding a new
section to the Kent City Code in connection
therewith.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES
(ORDAIN AS FOLLOWS:
Section 1. The City hereby elects to extend to the
members of the Law Enforcement Officers and Firefighters
Retirement System and the Washington Public Employees Retirement
System employed by the City the tax deferral benefits allowed
under 26 USC Section 414(h) and Chapter 227, Laws of 1984 with
respect to compensation for and after the pay period December 16
through December 31, 1984 and payable on January 4, 1985, and the
City Administrator is authorized to notify the Director of the
Department of Retirement Systems of the State of Washington as to
the City's election and to explain the effects of this election to
all members of the system employed by the City. In making this
'election, the City reserves the power to withdraw its exercise of
this option as to each retirement system as contemplated by
Section 3(2) of Chapter 227, Laws of 1984, in any later calendar
year.
Section 2. There is added to the Kent City Code Chapter
2.40, a new section, designated 2.40.500, as follows:
2.40.500. CONTRIBUTIONS TO LEOFF: PERS--ADJUSTMENT FOR
FEDERAL INCOME TAX PURPOSES. To carry out the City's election to
take advantage of the opportunities extended by 26 USC 414(h) and
Chapter 227, Laws of 1984 for deferral of federal income taxes
upon members' contributions to the Law Enforcement Officers and
Firefighters Retirement System and the Washington Public Employees
Retirement System, the City will pay those members' contributions
under RCW 41.26.080(1) and 41.26.450 and RCW 41.40.330(1) and
41.40.650 respectively for and after the pay period commencing
December 16 through December 31, 1984 and payable on January 4,
1985, and will reduce the members' wages or salary by the amount
of the City's contribution so paid. The foregoing payment and
wage/salary reduction is made under these conditions and limita-
tions.
A. This arrangement is made for purposes of federal
income taxation. An employee's wages or salary for purposes of
the Federal Insurance Contributions Act (social security tax), the
City's salary and wage ordinances, and policies, and other
purposes shall be computed as if the foregoing contribution and
corresponding salary or wage reduction had not been made; and
B. The City may withdraw its election to make such
adjustments as contemplated by Section 3(2) of Chapter 227, Laws
of 1984 and no affected member shall be entitled to continuance of
the adjustment thereafter. Should the City revoke any employee
benefit as a result of said election or other action consistent
with this section, no affected employee shall be entitled there-
after to receive such benefit as a matter of contractual right.
Section 3. Any act consistent with the authority and
prior to the effective date of this ordinance is hereby ratified
and confirmed.
Section 4. Effective Date. This ordinance shall take
effect and be in force five (5) days from and after its passage,
approval and publication as provided by law.
� SABELHOGAN, MAY R
ATTEST:
BETTY GRAY-/, DEPUTY TY CLERK
- 2 -
!APPROVED AS TO FORM:
P.'STEPH9N DiJULIO, C7ITY ATTORNEY
PASSED the c day of
APPROVED the day of
PUBLISHED the -day of
1984.
�/1���� a L ��C�/ ►
1984.
/'LFAL',,, 1984.
I hereby certify that this is a true copy of Ordinance
No. ► passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as hereor
indicated.
1960-90
(SEAL)
BETTY V, DEPU ' CITY CLERK
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