[Ord. 2015-04, 12/16/2015]
Conshohocken 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,[1] 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.
[1]
Editor's Note: See 53 P.S. § 881.101 et seq.
[Ord. 2015-04, 12/16/2015]
Membership in the Pennsylvania Municipal Retirement System shall
be mandatory for all permanent municipal employees 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.
[Ord. 2015-04, 12/16/2015]
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 July 9, 2003, shall accrue based on all credited
service granted and earned in accordance with this section.
[Ord. 2015-04, 12/16/2015]
Payment for any obligation established by the adoption of this
Part and the agreement between the System and Conshohocken 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.[1]
[1]
Editor's Note: See 53 P.S. § 895.101 et seq.
[Ord. 2015-04, 12/16/2015]
As part of this Part, the Borough agrees that the System shall
provide the benefits set forth in the agreement between the Board
and Conshohocken Borough, dated July 9, 2003. The passage and adoption
of this Part by Conshohocken Borough is an official acceptance of
said agreement and the financial obligations resulting from the administration
of said benefit package. Conshohocken 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.
[Ord. 2015-04, 12/16/2015]
Conshohocken Borough intends this Part to be the complete authorization
of the Borough plan and it shall become effective and specifically
repeals Ordinance No. 6 either immediately or on August 1, 2002, which
is the effective date of the amended agreement, dated July 2003, between
the Pennsylvania Municipal Retirement System and Conshohocken Borough,
whichever is later.
[Ord. 2015-04, 12/16/2015]
A duly certified copy of this Part and the referenced agreement
shall be filed with the Pennsylvania Municipal Retirement System of
the Commonwealth of Pennsylvania. Membership for the municipal employees
of Conshohocken Borough in the Pennsylvania Municipal Retirement System
shall be effective the first day of January 1993, with the revised
plan structure reflected in the agreement dated July 9, 2003, effective
the first day of August 2002.
