[Adopted 8-10-1982 by Res. No. 82-41[1]]
[1]
Editor's Note: This resolution also superseded former Art.
II, Employee Pension Fund, adopted 3-13-1973 by Ord. No. 830, amended
in its entirety 11-11-1980 by Ord. No. 1253, as subsequently amended.
The Municipality of Monroeville hereby elects to join the Pennsylvania Municipal Retirement Law, under Article IV, Act 15 of 1974, as amended,[1] and does hereby agree to be bound by all the requirements
and provisions of the said Pennsylvania Municipal Retirement Law and
the amendments thereto and to assume all obligations, financial and
otherwise, placed upon member municipalities by said Pennsylvania
Municipal Retirement Law and the amendments thereto.
[1]
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the Pennsylvania Municipal Retirement System for
elected officials shall not be permitted and membership therein for
employees hired on a temporary or seasonal basis shall not be permitted.
Officers and employees paid wholly on a fee basis shall not be eligible
for membership in the system.
Credit for prior service toward the Municipal annuity of each
original member shall be for all years of service to the Municipality
of Monroeville. The Municipality of Monroeville does hereby assume
the liability for payment of 100% of the original member's contributions
for all years of service towards the original member's annuity for
the prior service of each original member.
Payment for the prior service as set forth in § 93-33 hereof shall be made by the Municipality of Monroeville in accordance with said Pennsylvania Municipal Retirement Law and may be spread over a period of 30 years if the Municipality of Monroeville so elects and with the approval of the Pennsylvania Municipal Retirement Board.
The Municipality of Monroeville does hereby elect to extend
the provisions of Section 209 of the Pennsylvania Municipal Retirement
Law, Act 15 of 1974,[1] so that contributors to the Pennsylvania Municipal Retirement
System shall have the options and enjoy the protections set forth
in Subsection (b) and (c) of Section 209 of the Pennsylvania Municipal
Retirement Law, and Section 209 is hereby incorporated and made a
part hereof by reference hereto.
[1]
Editor's Note: See 53 P.S. § 881.209.
[Amended 9-12-1989 by Res. No. 89-89]
A.
Nonuniformed employees hired prior to September 1, 1989. This study has been based on the following schedule of benefits as permitted under Article IV of the Pennsylvania Municipal Retirement Law:
(1)
Superannuation (normal retirement): permitted on or after the attainment
of age 65 or after 25 years of service regardless of age.
(2)
Early retirement: permitted after the completion of 20 years of service
with no actuarial reduction.
(3)
Vesting: vesting 100% after 10 years of service. 10% after eight
years of service if employee is involuntarily terminated. In lieu
of a refund of his own contributions, a member is entitled to receive:
(4)
Benefits payable upon superannuation retirement: 2% multiplied by
years of service (with fractional credit for completion months) multiplied
by final three years' average salary; maximum benefit equals 50% of
final three years' average salary.
(5)
Disability benefits: payable to any member who becomes physically
or mentally incapacitated to such a degree that he is not able to
engage in any gainful employment. A service-connected disability benefit
requiring no minimum service period equal to 50% of final three years'
average salary is payable. A non-service-connected disability benefit
for members with at least 10 years of service at disablement equal
to 30% of final three years' average salary is payable. Benefits are
in addition to disability benefits that may be receivable from any
other source and are not to be reduced in any way on account of benefits
receivable from any other source.
(6)
Preretirement death benefits. Other than a refund of member contributions
plus interest, death benefits are not provided if an active member
dies prior to having met the eligibility for voluntary early retirement
or superannuation retirement. Once a member has reached the required
service for a voluntary early retirement of the superannuation retirement
age and dies prior to retiring, the beneficiary will be entitled to
benefits under Section 209 of the Law.
(7)
Employee contributions: 6% of compensation. If a member terminates
prior to eligibility for vesting or retirement benefits, the member
receives all member contributions, plus interest in a lump sum.
(8)
Military service. Buyback is permitted for intervening and nonintervening
military service. For nonintervening military service, a member who
has been employed in the Municipality for five or more years would
be eligible to purchase up to five years of military service. The
restrictions and qualifications are outlined in Section 204 of Act
15 of 1974.
(9)
Portability. If a member terminates employment and goes to work for
another Municipality in the system, all service credits are transferred
to the new Municipality.
(10)
Social security. Benefits are not reduced in any way because
of a member's entitlement to social security benefits.
B.
Nonuniformed employees hired after September 1, 1982. This study has been based on the following schedule of benefits as permitted under Article IV of the Pennsylvania Municipal Retirement Law:
(1)
Superannuation (normal retirement). Permitted on or after the attainment
of age 65 or after 25 years of service actuarially reduced for each
year under the age of 65.
(2)
Early retirement: permitted after the completion of 20 years of service.
Benefits are actuarially reduced for each year prior to age 65 that
early retirement takes place.
(3)
Vesting: vesting 100% after 10 years of service. In lieu of a refund
of his own contributions, a member is entitled to receive:
(a)
A benefit commencing at superannuation retirement age equal
to his accrued benefit at time of termination.
(b)
A benefit commencing at what would have been his early retirement
date had he remained in service, equal to his accrued benefit at time
of termination, actuarially reduced for each year that the benefit
commencement date precedes age 65.
(4)
Benefits payable upon superannuation retirement: 2% multiplied by
years of service (with fractional credit for completion months) multiplied
by final three years' average salary; maximum benefit equals 50% of
final three years' average salary.
(5)
Disability benefits. Payable to any member who becomes physically
or mentally incapacitated to such a degree that he is not able to
engage in any gainful employment. A service-connected disability benefit
requiring no minimum service period equal to 50% of final three years'
average salary is payable. A non-service-connected disability benefit
for members with at least 10 years of service at disablement equal
to 30% of final three years' average salary is payable. Benefits are
in addition to disability benefits that may be receivable from any
other source and are not to be reduced in any way on account of benefits
receivable from any other source.
(6)
Preretirement death benefits. Other than a refund of member contributions
plus interest, death benefits are not provided if an active member
dies prior to having met the eligibility for voluntary early retirement
or superannuation retirement. Once a member has reached the required
service for a voluntary early retirement of the superannuation retirement
age and dies prior to retiring, the beneficiary will be entitled to
benefits under Section 209 of the Law.
(7)
Employee contributions: 5% of compensation. If a member terminates
prior to eligibility for vesting or retirement benefits, the member
receives all member contributions, plus interest in a lump sum.
(8)
Military service. Buyback is permitted for intervening and nonintervening
military service. For nonintervening military service, a member who
has been employed in the Municipality for five or more years would
be eligible to purchase up to five years of military service. The
restrictions and qualifications are outlined in Section 204 of Act
15 of 1974.
(9)
Portability. If a member terminates employment and goes to work for
another Municipality in the system, all service credits are transferred
to the new Municipality.
(10)
Social security. Benefits are not reduced in any way because
of a member's entitlement to social security benefits.
A duly certified copy of this article shall be filed with the Pennsylvania Municipal Retirement Board of the Commonwealth of Pennsylvania, and membership under Article IV for the Municipality of Monroeville in the Pennsylvania Municipal Retirement System shall be effective the first day of September 1982.
