[Adopted 12-21-2010 by Ord. No. 316]
A.
The Whitpain
Township hereby creates and establishes a money purchase retirement
plan for its eligible employees in the form of the ICMA Retirement
Corporation Governmental Money Purchase Plan and Trust, pursuant to
the specific provisions of the adoption agreement of the plan.
B.
The plan
shall be administered by ICMA-RC, and the funds held in the plan shall
be invested in the VantageTrust, a trust established by public employers
for the collective investment of funds held under their retirement
plans.
The Whitpain Township Board of Supervisors is hereby appointed
as trustee of the plan and trust. The Whitpain Township Director of
Finance is hereby appointed as the coordinator of the plan. The Whitpain
Township Manager and the Whitpain Township Finance Director, as the
agents of the Township, are authorized and directed to execute all
necessary agreements with the ICMA Retirement Corporation incidental
to administration of the plan and trust.[1]
[1]
Editor's Note: Copies of the plan and trust are on file in
the Township offices.
