[HISTORY: Adopted by the Board of Supervisors of the Township of Concord as indicated in article histories. Amendments noted where applicable.]
Article I Municipal Retirement System
[Adopted 7-6-1999 by Ord. No. 240]
Editor's Note: Ord. No. 347, adopted 3-5-2013, amended the Municipal Pension Plan contract, effective 12-1-2012, and repealed Ord. No. 269, adopted 4-2-2002.
Concord Township (the Township), being a member municipality of the Pennsylvania Municipal Retirement System (the 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, (the law) 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 Pennsylvania Municipal Retirement Board and the Township under the provisions of Article IV of the law.
Membership in the Pennsylvania Municipal Retirement System shall be mandatory for all permanent, municipal employees of the Township. Membership for elected officials and employees hired on a temporary or seasonal basis 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 or the expiration of the member's probationary period if one so existed. Benefits provided to members in the agreement dated July 6, 1999, shall accrue based on all credited service granted and earned in accordance with this section.
Payment for any obligation established by the enactment of this article and the agreement between the system and Concord Township shall be made by the Township in accordance with the Pennsylvania Municipal Retirement Law and the Municipal Pension Plan Funding Standard and Recovery Act, Act 205 of 1984.
Editor's Note: See 53 P.S. § 881.101 et seq. and 53 P.S. § 895.101 et seq., respectively.
As part of this article, the Township agrees that the system shall provide the benefits set forth in the agreement between the Board and the Township dated July 6, 1999. The enactment of this article by Concord Township is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. The 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.
Editor's Note: Said agreement is on file in the Township offices.
The Township intends this article to be the complete authorization of the Township plan and it shall become effective and specifically repeal Township Resolution No. 4-1981 either immediately or on July 1, 1999, which is the effective date of the amended agreement dated July 6, 1999, between the Pennsylvania Municipal Retirement System and Concord 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 Concord Township in the Pennsylvania Municipal Retirement System shall be effective the first day of January, 1981, with the revised plan structure reflected in the agreement dated July 6, 1999, effective the first day of July, 1999.