Borough of Greencastle, PA
Franklin County
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Table of Contents
Table of Contents
Chapter 34: Pensions
[HISTORY: Adopted by the Borough Council of the Borough of Greencastle 5-3-2010 by Ord. No. 2010-01.[1] Amendments noted where applicable.]
[1]
Editor's Note: This ordinance superseded former Ch. 34, Pensions, which contained Art. I, Municipal Employees Retirement Fund, adopted 1-21-1974 by Ord. No. 5-74 (Ch. 1, Part 5B, of the 1985 Code), as amended, and Art. II, Police Pension Fund, adopted 1-6-1975 by Ord. No. 1-75 (Ch. 1, Part 5D, of the 1985 Code), as amended.

§ 34-1 Establishment and continuation of plan.

The plan document entitled "Greencastle Borough Non-Uniform Retirement Plan," as effective on January 1, 1997, and as may be amended or restated, is considered an integral part of this article.

§ 34-2 Determination of Borough contributions; retirement benefits; settlement; vested rights.

The administration of the plan and the determination of eligibility for benefits, source and allocation of funds, calculation of retirement benefits, return of member contributions, vesting terms of retirement benefits, and other matters associated with its continuation and establishment shall be in accordance with the terms and conditions of the Greencastle Borough Non-Uniform Retirement Plan, as may be amended or restated, which is incorporated herein by reference.

§ 34-3 Establishment and continuation of plan.

The plan document entitled "Greencastle Borough Police Retirement Plan," as effective on January 1, 2003, and as may be amended or restated, is considered an integral part of this article.

§ 34-4 Determination of Borough contributions: retirement benefits; settlement; vested rights.

The administration of the plan and the determination of eligibility for benefits, source and allocation of funds, calculation of retirement benefits, return of member contributions, vesting terms of retirement benefits, disability retirement, death benefits and other matters associated with its continuation and establishment shall be in accordance with the terms and conditions of the Greencastle Borough Police Retirement Plan, as may be amended or restated, which is incorporated herein by reference.