[Adopted 3-4-1996 by Ord. No. 1-1996; amended in its entirety 4-4-2011 by Ord. No.
4-2011]
Upper Burrell Township ("the Township"), hereby elects to establish
a Municipal Pension Plan with the Pennsylvania Municipal Retirement
System ("the System") in accordance with Article IV of the Pennsylvania
Municipal Retirement Law, 53 P.S. § 881.101 et seq. ("Retirement
Law"), to be administered by the System for its municipal employees.
The Township hereby agrees to be bound by all the requirements and
provisions of the Retirement Law and the Municipal Pension Plan Funding
Standard and Recovery Act, 53 P.S. § 895.101 et seq., and
to assume all obligations, financial and otherwise, placed upon member
municipalities.
As part of this article, the Township agrees that the System
shall administer and provide the benefits set forth in the Municipal
Pension Plan entered into between the Pennsylvania Municipal Retirement
Board and the Township effective January 1, 2011 ("the Contract").
The passage and adoption of this article by the Township is
an official acceptance of the Contract and the financial obligations
resulting from the administration of the Contract.
Payment for any obligation established by the adoption of this
article and the Contract shall be made by the Township in accordance
with the Retirement Law and the Municipal Pension Plan Funding Standard
and Recovery Act. The Township hereby assumes all liability for any
unfundedness created due to the benefit structure set forth in the
Contract.
The Township intends this article to be the complete authorization
of the Contract and it shall become effective and specifically repeal
Ordinance Number 1 of 1996 either immediately or on January 1, 2011
which is the effective date of the Contract, whichever is later.
A duly certified copy of this article and an executed Contract
shall be filed with the System.
By adoption of this article, the Township agrees to terminate,
upon the effective date of the Contract, any previously maintained
pension plan applicable to its municipal employees and to transfer
all assets from any existing plan to offset the established liability
and to transfer all liabilities relating to retirement allowances
or pensions. Liabilities not so transferred, whether known or not
known at the time of the Township's enrollment into the System, shall
remain with the Township.
The Township hereby acknowledges that an affirmative vote representing
at least 75% of the plan members indicated the members approved the
establishment of the Contract with the System.
