[Adopted 6-15-2011 by Ord. No. 2011-11]
For the purpose of this article, the following terms shall have
the respective meanings set forth below unless otherwise expressly
provided:
ACCOUNT
The investment recordkeeping account established to fund
the anticipated premiums for health insurance coverage for current
and retired police officers meeting the definition of "retiree" as
defined below.
ADMINISTRATOR
The Township may contract for such administrative services
as are necessary to implement this article.
AGREEMENT
The bargaining agreement between the Association and the
Township, most recently approved on or about November 3, 2010, effective
January 1, 2011.
ASSOCIATION
The collective bargaining unit comprising the police officers
of East Hempfield Township.
CODE
The Internal Revenue Code of 1986, as amended from time to
time.
INVESTMENT FUND
Any separate investment option vehicle selected by the Township
in which all or a portion of the Trust assets may be invested as hereinafter
provided. The Trustee shall not be required to select any investment
fund.
RETIREE
A current or retired police officer who was hired before
January 1, 2011, and who thereafter retired or will retire after the
date of this article.
TRUST
The trust established by this article.
TRUSTEE
The group of Trustees, appointed as hereinafter set forth,
acting collectively.
Neither the establishment of the Trust or any modification thereof,
the creation of any fund or account nor the payment of any benefits
shall be construed as giving to any person any legal or equitable
right against the Trustee, the Administrator, the Township or any
officer or employee thereof, except as otherwise may be expressly
provided for in this article.
Neither the Administrator, the Township nor the Trustee shall
be responsible for the validity of any contract of insurance or other
arrangement maintained in connection with this article or for the
failure on the part of the insurer or provider to make payment provided
by such contract or for the action of any person which may delay payment
or render a contract void or unenforceable in whole or in part.