Duncannon 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,
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 August 16, 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 article and the agreement between the Board and Duncannon 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.
As part of this article, the Borough agrees that the system shall provide the benefits set forth in the agreement between the Board and Duncannon Borough, dated August 16, 2005. The passage and adoption of this article by Duncannon Borough is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. Duncannon Borough hereby assumes all liability for any unfundedness created due to the acceptance of the benefit structure outlined in the above-referenced agreement.
Duncannon Borough intends this article to be the complete authorization of the Borough's municipal pension plan, and it shall become effective and specifically repeal Ordinance No. 220, either immediately or on August 1, 2005, which is the effective date of the agreement dated August 16, 2005, between the Pennsylvania Municipal Retirement System and Duncannon Borough, whichever is later.
A duly certified copy of this article and the referenced agreement shall be filed with the Pennsylvania Municipal Retirement System of the Commonwealth of Pennsylvania. Membership for the municipal employees of Duncannon Borough in the Pennsylvania Municipal Retirement System shall be effective the first day of January 1971, with the revised plan structure reflected in the agreement dated August 16, 2005, effective the first day of August 2005.
Duncannon Borough, being a member municipality of the Pennsylvania Municipal Retirement System, hereby elects to change its police pension benefits in that system as authorized by the Pennsylvania Municipal Retirement Law, Act 15 of 1974,
Membership in the Pennsylvania Municipal Retirement System shall be mandatory for all full-time police officers of the Borough. Membership for elected officials 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 March 21, 2006, 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 article and the agreement between the system and Duncannon 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.
As part of this article, the Borough agrees that the system shall provide the benefits set forth in the agreement between the Board and Duncannon Borough, dated March 21, 2006. The passage and adoption of this article by Duncannon Borough is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. Duncannon 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.
Duncannon Borough intends this article to be the complete authorization of the Borough's police pension plan, and it shall become effective and specifically repeal Ordinance No. 219, either immediately or on January 1, 2006, which is the effective date of the amended agreement dated March 21, 2006, between the Pennsylvania Municipal Retirement System and Duncannon Borough, whichever is later.
A duly certified copy of this article and the referenced agreement shall be filed with the Pennsylvania Municipal Retirement System of the Commonwealth of Pennsylvania. Membership for the police pension plan of Duncannon Borough in the Pennsylvania Municipal Retirement System shall be effective the first day of January 1981, with the revised plan structure reflected in the agreement dated March 21, 2006, effective the first day of January 2006.