[Adopted 1-9-1989 by Ord. No. 89-1 (Ch.
14 of the 1971 Code)]
[Amended 3-13-1989 by Ord. No. 89-3]
Effective as of January 1, 1973, Marple Township
(the "employer") established a retirement plan for its employees who
are participants of the Marple Township Nonuniformed Pension Plan
(the "plan").
The plan has been amended and restated from
time to time.
[1]
Editor's Note: Ordinance No. 2000-5, adopted
4-10-2000, amended and restated the pension plan. Said ordinance is
on file in the township offices.
All participating employees are required to
make mandatory monthly contributions to the plan.
[1]
Editor's Note: Former § 51-4, Employer
to pick up mandatory employee contributions, was repealed 6-12-2000
by Ord. No. 2000-10.
It is intended that such pickup of employee
contributions by the employer shall be in accordance with the provisions
of Section 414(h)(2) of the Internal Revenue Code and that the contributions
so picked up shall thereupon be deemed employer contributions.
The employees participating in the plan do not
have the option of receiving the amount which they contribute; said
contributions are contributed directly to the plan.[1]
[1]
Editor's Note: Original Section VII, which
dealt with freezing the accrual of benefits to the plan and immediately
followed this section, was repealed 3-13-1989 by Ord. No. 89-3.
[1]
Editor's Note: Former § 51-7, When
effective, amended 3-13-1989 by Ord. No. 89-3, and former § 51-8,
Tax consequences, were repealed 6-12-2000 by Ord. No. 2000-10.
[1]
Editor's Note: Former § 51-7, When
effective, amended 3-13-1989 by Ord. No. 89-3, and former § 51-8,
Tax consequences, were repealed 6-12-2000 by Ord. No. 2000-10.
