[HISTORY: Adopted by the Borough Council of the Borough of Tarentum as indicated in article histories. Amendments noted where applicable.]
GENERAL REFERENCES
Pensions — See Ch. 46.
[Adopted 6-21-1999 by Res. No. 99-7]
Tarentum Borough hereby establishes a Pension Committee for its Police Pension Plan, effective July 1, 1999.
The Pension Committee shall consist of one member of the Borough Council, one representative of borough management and one active member of the Pension Plan.
The Pension Committee shall meet periodically to review plan operation, including, but not limited to, benefits, investment of funds and legislative issues related to the plan.
The Pension Committee shall report to the Borough Council at least annually with the status of the plan, including, but not limited to, plan investment performance, actuarial soundness of the plan, legislative issues related to the plan and plan costs.
[Adopted 6-21-1999 by Res. No. 99-8]
The Borough of Tarentum hereby establishes a Pension Committee for its Nonuniformed Pension Plan effective July 1, 1999.
The Pension Committee shall consist of one member of the Borough Council, one representative of borough management and one active member of the Pension Plan.
The Pension Committee shall meet periodically to review plan operation, including, but not limited to, benefits, investment of funds and legislative issues related to the plan.
The Pension Committee shall report to the Borough Council at least annually with the status of the plan, including, but not limited to, plan investment performance, actuarial soundness of the plan, legislative issues related to the plan and plan costs.