[HISTORY: Adopted by the Borough Council of the Borough of East Stroudsburg 12-20-2005 by Ord. No. 1171, approved 12-20-2005. Amendments noted where applicable.]
Editor's Note: This ordinance also repealed former Ch. 45, Retirement System, adopted 6-30-2005 by Ord. No. 1161, approved 6-30-2005.
East Stroudsburg Borough, being a member municipality of the Pennsylvania Municipal Retirement 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, 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 Board and the municipality under the provisions of Article IV of the Pennsylvania Municipal Retirement Law.
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the Pennsylvania Municipal Retirement System shall be mandatory for all full-time municipal employees of the Borough. Membership for elected officials, part-time employees, 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 Borough 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 December 20, 2005, shall accrue based on all credited service granted and earned in accordance with this section.
Payment for any obligation established by the adoption of this chapter and the agreement between the Board and East Stroudsburg Borough shall be made by the Borough in accordance with the Pennsylvania Municipal Retirement Law and Act 205 of 1984, the Municipal Pension Plan Funding Standard and Recovery Act.
Editor's Note: See 53 P.S. § 895.101 et seq.
As part of this chapter, the Borough agrees that the system shall provide the benefits set forth in the agreement between the Board and East Stroudsburg Borough, dated December 20, 2005. The passage and adoption of this chapter by East Stroudsburg Borough is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. East Stroudsburg Borough 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.
East Stroudsburg Borough intends this chapter to be the complete authorization of the Borough's municipal pension plan and it shall become effective and specifically repeal Ordinance No. 1161, either immediately or on October 1, 2005, which is the effective date of the amended agreement dated December 20, 2005, between the Pennsylvania Municipal Retirement System and East Stroudsburg Borough, whichever is later.
A duly certified copy of this chapter and the referenced agreement shall be filed with the Pennsylvania Municipal Retirement System of the Commonwealth of Pennsylvania. Membership for the municipal employees of East Stroudsburg Borough in the Pennsylvania Municipal Retirement System shall be effective the first day of January 1962, with the revised plan structure reflected in the agreement dated December 20, 2005, effective the first day of October 2005.