[Adopted 2-21-2002 by Ord. No. 2002-1]
East Allen Township, being a member municipality of the Pennsylvania
Municipal Retirement System, hereby elects to change its member benefits in
that System as authorized by the Pennsylvania Municipal Retirement Law, Act
15 of 1974, as amended, and does hereby agree to be bound by all the requirements
and provisions of said Law, and to assume all obligations, financial and otherwise,
placed upon member municipalities. All references hereafter shall be based
on benefits negotiated between the Board and the municipality under the provisions
of Article IV of the Pennsylvania Municipal Retirement Law.
Membership in the Pennsylvania Municipal Retirement System shall be
mandatory for all permanent, municipal employees of the Township. Membership
for elected officials shall be optional. The election by elected officials
to join the System must be made within one year after the official first entered
service to the Township. For employees hired on a temporary or seasonal basis,
membership is prohibited, as is membership for individuals paid only on a
fee basis.
Credit for prior service for original members is granted for each year
or partial year thereof that the member was employed by the Township from
original date of hire, the expiration of the member’s probationary period
if one so existed or January 1, 1975, whichever is more recent. Benefits provided
to members in the agreement dated February 21, 2002, shall accrue based on
all credited service granted and earned in accordance with this section.
Payment for any obligation established by the adoption of this article
and the agreement between the System and East Allen Township shall be made
by the Township in accordance with the Pennsylvania Municipal Retirement Law
and Act 205 of 1984, the Municipal Pension Plan Funding Standard and Recovery
Act.
As part of this article, the Township agrees that the System shall provide
the benefits set forth in the agreement between the Board and East Allen Township,
dated February 21, 2002. The passage and adoption of this article by East
Allen Township is an official acceptance of said agreement and the financial
obligations resulting from the administration of said benefit package. East
Allen Township hereby assumes all liability for any unfundedness created or
which may be created due to the acceptance of the benefit structure outlined
in the above referenced agreement.
East Allen Township intends this article to be the complete authorization
of the Township plan and it shall become effective and specifically repeal
ordinances numbered 90-10 and 85-1, either immediately or on January 1, 2002,
which is the effective date of the amended agreement dated February 21, 2002,
between the Pennsylvania Municipal Retirement System and East Allen Township,
whichever is later.
A duly certified copy of this article and the referenced agreement shall
be filed with the Pennsylvania Municipal Retirement System of the Commonwealth
of Pennsylvania. Membership for the municipal employees of East Allen Township
in the Pennsylvania Municipal Retirement System shall be effective the first
day of January 1985, with the revised plan structure reflected in the agreement
dated February 21, 2002, effective the first day of January 2002.