[Adopted 8-15-2016 by Ord. No. 9-2016]
A.
There is hereby created the Willistown Township Police Pension Advisory
Board consisting of seven members.
B.
The members of the Police Pension Advisory Board shall be comprised
of the following.
(1)
One representative of the Board of Supervisors who shall be appointed
by the Board of Supervisors.
(2)
One resident of the Township who shall be appointed by the Board
of Supervisors;
(3)
The Township Manager or if designated by the Township Manager, another
representative of the Township Administration;
(4)
The Township Treasurer;
(5)
The Chief of Police or, if designated by the Chief of Police, another
representative of the Police Administration who is a beneficiary of
the Police Pension Plan; and
(6)
Two representatives of the Willistown Township Police Association
to be appointed by the Willistown Township Police Association.
C.
Members of the Police Pension Advisory Board shall be selected based
on their qualifications to make educated, reasoned recommendations
to the Board of Supervisors in accordance with the responsibilities
described in this article.
D.
Except as otherwise provided by applicable law, any member of the Police Pension Advisory Board may be removed by the Board of Supervisors at any time for cause, and a replacement shall be appointed in accordance with the procedures indicated in § 35-20B, so that the composition of the Police Pension Advisory Board shall remain unchanged.
E.
Five members shall constitute a quorum.
The term of membership shall be three years.
Vacancies shall be filled for the unexpired term in the same manner described in § 35-20B.
A.
At its first meeting following January 1 of each year, the Pension
Advisory Board shall elect a chairman and a secretary for the ensuing
year and such other officers as the Police Pension Advisory Board
may deem appropriate.
B.
The Chairman shall prepare an agenda for each meeting and arrange
for consultants and experts to attend meetings, as needed.
C.
The Secretary shall keep minutes of all meetings of the Police Pension
Advisory Board and shall provide a copy of those minutes to the Secretary
of the Board of Supervisors.
The Willistown Township Police Pension Advisory Board shall
adopt rules and regulations for the conduct of its own meetings and
business. Such rules and regulations shall comply with all applicable
statutory regulations, including the applicable provisions of the
Sunshine Act.[1]
[1]
Editor's Note: See 65 Pa.C.S.A. § 701.
All members of the Police Pension Advisory Board shall serve
without compensation, but may be reimbursed necessary and reasonable
expenses with the prior approval by the Board of Supervisors. The
Police Pension Advisory Board shall neither expend funds nor incur
obligations without specific prior appropriation by the Board of Supervisors.
The Willistown Township Police Pension Advisory Board is created
by the Board of Supervisors for the purpose of providing recommendations
to the Board of Supervisors concerning the management and administration
of the Willistown Township Police Pension Plan. The Police Pension
Advisory Board shall meet at least once per quarter to review fund
performance of the Willistown Township Police Pension Plan and provide
recommendations to the Board of Supervisors, as deemed necessary by
the Police Pension Advisory Board, concerning the administration of
the Willistown Township Police Pension Plan. The subject matter of
any recommendations of the Police Pension Advisory Board shall include,
but not be limited to, investment policy statements, allocations of
fund investments in the Willistown Township Police Pension Plan, assumed
rates of return, employee education and training, selection of consultants
and advisors, best practices in pension management, and any other
matters affecting the Willistown Township Police Pension Plan. Such
recommendations shall be in writing. In addition to providing meeting
minutes to the Board of Supervisors, the Police Pension Advisory Board
shall file a report in writing with the Board of Supervisors annually.
