[Ord. 2003-3, 3/17/2003, § 1; as amended by Ord.
2009-1, 1/26/2009, § 1]
The Borough of Doylestown has heretofore enacted Ordinance No.
1981-9, as amended, which established the Doylestown Borough Police
Pension Plan. In order to clarify the exact status and terms of the
conditions of the Doylestown Borough Police Pension Plan and comply
with the provisions of Act 600 of 1956, 53 P.S. § 761 et
seq., in providing for administration, eligibility for benefits, source
and allocation of funds, calculation of retirement benefits, return
of participant contributions, vesting terms of retirement benefits,
disability retirement, death benefit, and other matters associated
with the establishment and continuation of the Police Pension Plan,
including its compliance with the Pension Funding Equity Act of 2004,
Pension Protection Act of 2006, and the final regulations issued under
the Internal Revenue Code Section 415, effective as provided in the
amendment and the collective bargaining agreement now in effect between
the Borough of Doylestown and the Doylestown Borough Police Association,
the Borough of Doylestown desires to establish and continue a Police
Pension Plan for eligible participants employed by the Borough of
Doylestown pursuant to and in accordance with the terms and conditions
of the amendment and restatement of the Doylestown Borough Police
Pension Plan (originally effective January 1, 1980, as amended, and
restated effective January 1, 2008), which is attached hereto and
made a part hereof as Attachment A.
[Ord. 2003-3, 3/17/2003, § 1; as amended by Ord.
2009-1, 1/26/2009, § 3]
The amendment and restatement of the Doylestown Borough Police
Pension Plan (originally effective January 1, 1980, as amended, and
restated effective January 1, 2008), which is attached hereto and
made a part hereof as Attachment A, is hereby established and adopted
as the Police Pension Plan for eligible participants employed by the
Borough of Doylestown, and the proper officers of the Borough of Doylestown
are hereby authorized and directed to execute same on behalf of the
Borough of Doylestown. Any previous ordinances or resolutions relating
to the Doylestown Borough Police Pension Plan with an effective date
prior to the adoption date of the amendment and restatement of the
Doylestown Borough Police Pension Plan adopted hereunder are hereby
repealed with respect to benefits accruing on or after the effective
date of said amendment and restatement.
[Ord. 2003-3, 3/17/2003, § 1; as amended by Ord.
2009-1, 1/26/2009, § 4]
An amended and restated trust is hereby established, adopted
and continued for the management of trust funds as provided for in
the Doylestown Borough Police Pension Plan (as amended and restated
effective January 1, 2008), which is Attachment A hereto, all pursuant
to and in accordance with the provisions of the trust agreement which
is attached hereto and made a part hereof as Attachment B, and the proper officers of the Borough of Doylestown are
hereby authorized and directed to execute said trust agreement on
behalf of the Borough of Doylestown as trustee and as employer. Any
previous ordinances or resolutions relating to said trust with an
effective date prior to the adoption date of the amendment and restatement
of the trust adopted hereunder are hereby repealed.
[Ord. 2003-3, 3/17/2003, § 1]
The Borough Manager of the Borough of Doylestown is hereby designated
and appointed as the Chief Administrative Officer of the Police Pension
Plan. The President of Borough Council is hereby appointed as the
agent of employer with respect to the Police Pension Plan and the
trust agreement.