[Ord. 05-2006-526, 5/11/2006, § I]
Salisbury Township, being a member municipality of the Pennsylvania
Municipal Retirement System, hereby elects to upgrade its member benefits
in that system as authorized by the Pennsylvania Municipal Retirement
Law, Act 15 of 1974, as amended, and does hereby agree to be bound
by all the requirements and provisions of said Law, and to assume
all obligations, financial and otherwise, placed upon member municipalities.
All references hereafter shall be based on benefits negotiated between
the Board and the municipality under the provisions of Article IV
of the Pennsylvania Municipal Retirement Law.
[Ord. 05-2006-526, 5/11/2006, § II]
Membership in the Pennsylvania Municipal Retirement System shall
be mandatory for all full-time municipal employees of the Township.
Membership for elected officials and employees hired on a temporary
or seasonal basis is prohibited. Membership for permanent, part-time
employees is optional. The election by permanent, part-time employees
to join the system must be made within one year after the official
or employee first enters the service of the Township. Membership for
individuals paid only on a fee basis is prohibited.
[Ord. 05-2006-526, 5/11/2006, § III]
Credit for prior service for original members is granted for
each year or partial year thereof that the member was employed by
the Township from original date of hire or the expiration of the member's
probationary period if one so existed. Benefits provided to members
in the agreement dated May 11, 2006, shall accrue based on all credited
service granted and earned in accordance with this section.
[Ord. 05-2006-526, 5/11/2006, § IV]
Payment for any obligation established by the adoption of this
Part and the agreement between the Board and Salisbury Township shall
be made by the Township in accordance with the Pennsylvania Municipal
Retirement Law and Act 205 of 1984, the Municipal Pension Plan Funding
Standard and Recovery Act.
[Ord. 05-2006-526, 5/11/2006, § V]
As part of this Part, the Township agrees that the system shall
provide benefits set forth in the agreement between the Board and
Salisbury Township, dated May 11, 2006. The passage and adoption of
this Part by Salisbury Township is an official acceptance of said
agreement and the financial obligations resulting from the administration
of said benefit package. Salisbury Township hereby assumes all liability
for any unfundedness created due to the acceptance of the benefit
structure outlined in the above-referenced agreement.
[Ord. 05-2006-526, 5/11/2006, § VI]
As part of this Part, the Township of Salisbury agrees to the
outline of the benefits set forth in the letter of the actuary, dated
February 14, 2006, addressed to the Township of Salisbury, providing
a death benefit in the Pennsylvania Municipal Retirement System. The
passage and adoption of this Part by the Board is an official acceptance
of said benefits. Salisbury Township intends this Part to be the complete
authorization of the Township's municipal pension plan and it shall
become effective either immediately or on May 1, 2006, whichever is
later.
[Ord. 05-2006-526, 5/11/2006, § VII]
A duly certified copy of this Part and the referenced agreement
shall be filed with the Pennsylvania Municipal Retirement System of
the Commonwealth of Pennsylvania. Membership for the municipal employees
of Salisbury Township in the Pennsylvania Municipal Retirement System
shall be effective the first day of January, 1967, with the revised
plan structure reflected in the agreement dated May 11, 2006, effective
the 1st day of May 2006.