The Ephrata Borough Retirement Plan is hereby established to
provide retirement benefits for employees not represented by a collective
bargaining agreement who are hired on or after May 15, 2012, and to
establish a trust to hold the assets of such plan by reference.
The Borough Manager of the Borough of Ephrata, as the agent
of the employer, is authorized and directed to execute the Ephrata
Borough Retirement Plan effective May 15, 2012.
The Borough Manager of the Borough of Ephrata, as the agent
of the employer, is authorized and directed to execute the Ephrata
Borough Retirement Plan Trust Agreement effective May 15, 2012.
The Borough Manager of the Borough of Ephrata, as the agent
of the employer, is authorized and directed to execute, effective
January 1, 2017, Amendment No. 2 to the Ephrata Borough Retirement
Plan as effective May 15, 2012.
Amendment No. 3 to the Ephrata Borough Retirement Plan, which
amendment establishes that the vesting schedule for an employee who
is credited with one hour of service on or after February 28, 2022,
shall be one that provides the employee with 20% vesting after three
years of service as defined by the plan and increases by 20% each
year thereafter resulting in the employee-participant being 100% vested
after seven years, is adopted by reference.
The Borough Manager of the Borough of Ephrata, as the agent
of the employer, is authorized and directed to execute, effective
February 28, 2022, the attached Amendment No. 3 to the Ephrata Borough Retirement Plan effective May 15,
2012, as amended and restated.
Employees covered by the collective bargaining agreement with
Local Union 1600, International Brotherhood of Electrical Workers,
who are hired on or after January 1, 2017, will not participate under
the Borough of Ephrata Pension Plan but will now participate under
the Ephrata Borough Retirement Plan.