[Adopted 11-10-2015 by Ord. No. 2634; amended in its entirety 6-14-2022 by Ord. No. 2762]
Monroeville Municipality ("the Municipality"), having established a non-uniform pension plan administered by the Pennsylvania Municipal Retirement System ("the System"), hereby elects to amend its Non-Uniform Pension Plan administered by the System in accordance with Article IV of the Pennsylvania Municipal Retirement Law, 53 P.S. § 881.101 et seq. ("Retirement Law"), and does hereby agree to be bound by all the requirements and provisions of the Retirement Law and the Municipal Pension Plan Funding Standard and Recovery Act, 53 P.S. § 895.101 et seq., and to assume all obligations, financial and otherwise, placed upon member municipalities.
As part of this article the Municipality agrees that the System shall administer and provide the benefits set forth in the amended Non-Uniform Pension Plan Document entered into between the Pennsylvania Municipal Retirement Board and the Municipality effective as of the date specified in the adoption agreement ("the Contract").
The Municipality acknowledges that by passage and adoption of this article, the Municipality officially accepts the Contract and the financial obligations resulting from the administration of the Contract.
Payment for any obligation established by the adoption of this article and the Contract shall be made by the Municipality in accordance with the Retirement Law and the Municipal Pension Plan Funding Standard and Recovery Act. The Municipality hereby assumes all liability for any unfundedness created due to the benefit structure set forth in the Contract.
The Municipality intends this article to be the complete authorization of the Contract, as amended, and it shall become effective as of the date specified in the adoption agreement, which is the effective date of the Contract, as amended.
A duly certified copy of this article and an executed Contract shall be filed with the System.