As
used in this article, the following terms shall have the meanings
indicated:
AGE
The age attained by the employee at his or her last birthday.
AVERAGE APPLICABLE COMPENSATION
The average monthly earnings of the member at any time of
reference computed over the last 36 months (or such shorter period
as represents the member's total period of continuous employment
by the Borough prior to such date of reference). For purposes of computing
average applicable compensation, actual monthly earnings shall be
based on W-2 earnings in which all forms of earnings are derived from
the terms and conditions of the employee's employment, less severance
payments made at the time of retirement or death (i.e., unused sick
leave and vacation).
BOROUGH
The Borough of Lansdowne, Delaware County, Commonwealth of
Pennsylvania.
CHIEF ADMINISTRATIVE OFFICER
The person who has primary responsibility for the execution
of the administrative affairs of this pension plan, or the designee
of that person.
COMPENSATION
Shall be based on W-2 earnings in which all forms of earnings
are derived from the terms and conditions of the employee's employment,
less severance payments made at the time of retirement or death (i.e.,
unused sick leave and vacation).
COUNCIL
The Council of the Borough of Lansdowne.
EARLY RETIREMENT DATE
The first day following the date on which the member completes
20 years of service.
EMPLOYEE
Any sworn police officer in the full-time employ of the Borough
Police Department whose customary employment is for not less than
40 hours a week.
FUND
All assets held by the Trust under the Trust Agreement relating
to this Police Pension Plan.
MEMBER
Any sworn police officer in the full-time employ of the Borough Police Department who has satisfied the eligibility requirements established in §
61-7 hereof and who is, at the time of reference, or has prior to his or her elimination, been making such contributions as may be required pursuant to §
61-8A hereof.
NORMAL RETIREMENT DATE
The first day following the date on which the member completes
25 years of service and the date on which the member attains age 50.
PLAN
The Police Pension Plan for the Borough of Lansdowne, as
herein set forth and as the same may hereafter be amended.
PLAN YEAR
A period of 12 consecutive months commencing on any January
1 and ending on the following December 31.
SERVICE
The aggregate of a member's total periods of employment
as a full-time employee of the Borough. If a member enters military
service, either voluntarily or by conscription, after he has been
employed for at least six months, such time spent in the Armed Forces
of the United States during a period of wartime of general military
conflict shall be counted as service for purposes of the Plan, provided
that such member returns to police service with the Borough within
six months after his discharge or release from such active duty in
the Armed Forces of the United States. The time spent in military
service due to voluntary extension of such military service during
a period of peacetime shall not be included as service for the purposes
of this Plan. Time spent on Reserve or National Guard training shall
be included as service for purposes of this Plan.
TOTAL AND PERMANENT DISABILITY
Any condition arising from service-connected illness or injury
which precludes an employee from performing the duties associated
with the normal occupational requirements of a police officer as certified
by a physician designated by the Borough.
TRUSTEE
The Council of the Borough of Lansdowne or any other agency
or person appointed by such to serve in that capacity as set forth
in the Trust Agreement.