Township of Worcester, PA
Montgomery County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Board of Supervisors of the Township of Worcester 9-20-2017 by Ord. No. 272.[1] Amendments noted where applicable.]
[1]
Editor's Note: This ordinance superseded former Ch. 18, Pension Plan, Nonuniformed, which stated that the Nonuniformed Pension Plan adopted on 2-19-2003 by Ord. No. 187 is on file in the Township offices.

§ 18-1 Closure of Defined-Benefit Pension Plan.

The Township of Worcester Nonuniformed and Defined-Benefit Pension Plan created on February 19.2003, by Ordinance No. 187 is closed to employees with a start of employment date on or after January 1, 2017. The full text of this plan is on file in the Township offices.

§ 18-2 Creation of Defined-Contribution Pension Plan.

The Township of Worcester Nonuniformed and Defined-Contribution Pension Plan was created on September 20, 2017, by Ordinance No. 272, and is available to qualifying employees with a start of employment date on or after January 1, 2017. The full text of this plan is on file in the Township offices.