Ohio Revised Code|Section 148.061 | Tax treatment of deferred compensation.

                                                
In addition to the program of deferred  compensation that may be offered under this chapter, a board of  township trustees may offer to all of the officers and employees  of the township plans or programs for deferring compensation  designed for favorable tax treatment of the compensation so  deferred. A plan or program shall present a reasonable number of  options to the township's officers and employees for the  investment of the deferred funds that will assure the desired tax  treatment of the funds. 
Any income deferred under a plan or program shall continue to  be included as regular compensation for the purpose of computing  the contributions to and benefits from each officer's or  employee's retirement system, but shall not be included in the  computation of any federal and state income taxes withheld on  behalf of the officer or employee.