Blair Township (the Township), having established a municipal
pension plan and a police pension plan administered by the Pennsylvania
Municipal Retirement System (the System), hereby elects to amend its
Municipal Pension Plan and Police 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.
As part of this chapter, the Township agrees that the System
shall administer and provide the benefits set forth in the amended
Municipal Pension Plan and Police Pension Plan cntracts entered into
between the Pennsylvania Municipal Retirement Board and the Township,
effective October 01, 2019 (the contract).
The Township acknowledges that by passage and adoption of this
chapter, the Township officially accepts the contract and the financial
obligations resulting from the administration of the contracts.
Payment for any obligation established by the adoption of this
chapter and the contracts 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
contracts.
The Township intends this chapter to be the complete authorization
of the contracts and they shall become effective on October 01, 2019,
which is the effective date of the contracts.
A duly certified copy of this chapter and an executed contracts
shall be filed with the System.