[HISTORY: Adopted by the Board of Commissioners of the Township
of Vanport as indicated in article histories. Amendments noted where
applicable.]
[Adopted 2-24-2001 by Ord. No. 294[1]]
Vanport Township hereby elects to enroll its police officers
in the Pennsylvania Municipal Retirement System, as authorized by
the Pennsylvania Municipal Retirement Law, Act 15 of 1974, as amended,[1] with the express purpose of having the Pennsylvania Municipal
Retirement System administer the retirement plan established by the
Township for their police officers. The Township 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.
[1]
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the Pennsylvania Municipal Retirement System shall
be mandatory for all full-time police officers of the Township. Membership
for elected officials and employees hired on a temporary or seasonal
basis is prohibited, as is membership for individuals paid on a fee
basis.
Credit for prior service for original members is granted for
each year or partial 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 existed. Benefits provided to members in
the agreement dated February 24, 2001, shall accrue based on all credited
service granted and earned in accordance with this section.
Payment for any obligation established by the adoption of this
article and the Agreement between the System and Vanport Township
shall be made by the Township in accordance with the Pennsylvania
Municipal Retirement Law and Act No. 205 of 1984, the Municipal Pension
Plan Funding Standard and Recovery Act.[1]
[1]
Editor's Note: See 53 P.S. § 895.101 et seq.
As a part of this article, the Township agrees that the System
shall provide benefits set forth in the Agreement between the Board
and Vanport Township, dated February 24, 2001. The passage and adoption
of this article by Vanport Township is an official acceptance of said
Agreement and the financial obligations resulting from the administration
of said benefit package. Vanport Township hereby assumes all liability
for any underfundedness created due to the acceptance of the benefit
structure outlined in the above-referenced Agreement.
By the adoption of this article, the Township agrees to terminate, upon the effective date of membership in the Pennsylvania Municipal Retirement System, any previously maintained municipal pension program applicable to those employees identified as members in § 29-2 of this article and to transfer any assets from any exiting plan to offset the established liability. Vanport Township also acknowledges that an affirmative vote representing at least 75% of the plan members indicated the members were in agreement with the establishment of the plan with the Pennsylvania Municipal Retirement System.
Vanport Township intends this article to be the complete authorization
of the Township's police pension plan and it shall become effective
and specifically repeal Ordinances Numbered 278, 232, 156, 144, and
131 either immediately or on January 1, 2001, which is the effective
date of the Agreement dated February 2001, between the Pennsylvania
Municipal Retirement System and Vanport Township, whichever is later.
A duly certified copy of this article and the referenced Agreement
shall be filed with the Pennsylvania Municipal Retirement System of
the Commonwealth of Pennsylvania. Membership for the police pension
plan of Vanport Township in the Pennsylvania Municipal Retirement
System shall be effective the first day of January 2001.
[Adopted 2-24-2001 by Ord. No. 295]
Vanport Township hereby elects to enroll its municipal employees
in the Pennsylvania Municipal Retirement System, as established by
the Pennsylvania Municipal Retirement Law, Act 15 of 1974, as amended,[1] with the express purpose of having the Pennsylvania Municipal
Retirement System administer the retirement plan established by the
Township for the municipal employees of the Township. The Township
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 by said law. 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.
[1]
Editor's Note: See 53 P.S. § 881.101 et seq.
Membership in the Pennsylvania Municipal Retirement System shall
be mandatory for all permanent municipal employees of the Township.
Membership for elected officials and employees hired on a temporary
or seasonal basis is prohibited, as is membership for individuals
paid on a fee basis.
A.
Credit for service toward the annuity of each original member shall
begin to accrue upon the effective date of the Agreement between the
Township and the Pennsylvania Municipal Retirement System. However,
for purposes of determining eligibility for early retirement and vesting,
credited service shall accrue from each original member's date
of hire. Benefits provided to members in the Agreement dated February
24, 2001, shall accrue based on all credited service granted and earned
in accordance with this section.
B.
The Township hereby assumes all liability for any unfundedness created
due to the acceptance of the benefit structure outlined in the above-referenced
Agreement.
Payment for any obligation established by the adoption of this
article and the Agreement between the System and Vanport Township
shall be made by the Township in accordance with the Pennsylvania
Municipal Retirement Law and Act No. 205 of 1984, the Municipal Pension
Plan Funding Standard and Recovery Act.[1]
[1]
Editor's Note: See 53 P.S. § 895.101 et seq.
As a part of this article, the Township agrees that the System
shall provide benefits set forth in the Agreement between the Board
and Vanport Township, dated February 24, 2001. The passage and adoption
of this article by Vanport Township is an official acceptance of said
Agreement and the financial obligations resulting from the administration
of said benefit package.
By the adoption of this article, the Township agrees to terminate, upon the effective date of membership in the Pennsylvania Municipal Retirement System, any previously maintained municipal pension program applicable to those employees identified as members in § 29-10 of this article and to transfer any assets from any exiting plan to offset the established liability. Vanport Township also acknowledges that an affirmative vote representing at least 75% of the plan members indicated the members were in agreement with the establishment of the plan with the Pennsylvania Municipal Retirement System.
Vanport Township intends this article to be the complete authorization
of the Township's municipal pension plan and it shall become
effective and specifically repeals any inconsistent ordinance or resolution
either immediately or on January 1, 2001, which is the effective date
of the Agreement dated February 24, 2001, between the Pennsylvania
Municipal Retirement System and Vanport Township, whichever is later.
A duly certified copy of this article and the referenced Agreement
shall be filed with the Pennsylvania Municipal Retirement System of
the Commonwealth of Pennsylvania. Membership for the municipal employees
of Vanport Township in the Pennsylvania Municipal Retirement System
shall be effective the first day of January 2001.
