[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
Manchester Township (the "Township"), having established a firefighter pension plan administered by the Pennsylvania Municipal Retirement System (the "System"), hereby elects to amend its Firefighter Pension Plan administered by the System in accordance with Article IV of the Pennsylvania Municipal Retirement Law, 53 P.S. § 881.101 et seq. ("Retirement Law") and does hereby agree 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.
[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
As part of this Part, the Township agrees that the System shall administer and provide the benefits set forth in the amended Firefighter Pension Plan Document entered into between the Pennsylvania Municipal Retirement Board and the Township effective as of the date specified in the adoption agreement (the "contract").
[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
The Township acknowledges that by passage and adoption of this Part, the Township officially accepts the contract and the financial obligations resulting from the administration of the contract.
[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
Payment for any obligation established by the adoption of this Part 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.
[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
The Township intends this Part to be the complete authorization of the contract, as amended, and it shall become effective as of the date specified in the adoption agreement, which is the effective date of the contract, as amended.
[Ord. 2013-03, 11/12/2013; as amended by Ord. No. 2020-02, 3/10/2020; and by Ord. No. 2021-05, 7/13/2021]
A duly certified copy of this Part and the executed contract shall be filed with the System.