[HISTORY: Adopted by the Borough Council
of the Borough of Jersey Shore as indicated in article histories.
Amendments noted where applicable.]
GENERAL REFERENCES
Police Department — See Ch. 63.
[Adopted 11-3-2003 by Ord. No. 5-2003;
amended in its entirety 7-26-2010 by Ord. No. 07.26.2010]
A.
Establishing and continuing a Police Pension Plan pursuant to Act
600 of 1956, 53 P.S. § 761 et seq., and providing for administration,
eligibility for benefits, source and allocation of funds, calculation
of retirement benefits, return of participant contributions, vesting
terms of retirement benefits, disability retirement, death benefit,
and other matters associated with the establishment and continuation
of the Police Pension Plan pursuant to the terms and conditions of
the attached Tiadaghton Valley Regional Police Pension Plan.
B.
Jersey Shore Borough, in order to clarify the exact status and terms
of the conditions of the Police Pension Plan and to be in compliance
with the tax-exempt retirement plan requirements of Internal Revenue
Code of 1986 (as amended) Section 401(a), desires to enact a plan
in its entirety and that the previous ordinances or resolutions relating
to the Jersey Shore Police Pension Plan with an effective date prior
to the adoption date of the plan are hereby repealed with respect
to benefits accruing on or after the effective date and the attached
Plan is enacted;[1] and further, be it ordained and enacted and ordained by
Jersey Shore Borough that the previous ordinances or resolutions relating
to the plan's trust fund with an effective date prior to the
adoption date of the trust are hereby repealed and the attached trust
is enacted. __________ is hereby appointed as the Chief Administrative
Officer of the plan. __________ as the agent of the employer is authorized
and directed to execute the attached plan and the attached trust.
__________ is hereby confirmed as the Trustee of the trust.
[1]
Editor's Note: The Police Pension Plan is on file in the Borough
offices.
[Adopted 11-3-2003 by Ord. No. 6-2003]
