[Adopted 5-6-2020 by Ord. No. 2-2020]
Upper Burrell Township (the Township), having established a
Nonuniform Pension Plan administered by the Pennsylvania Municipal
Retirement System (the System), hereby elects to amend its Nonuniform
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 article, the Township agrees that the System
shall administer and provide the benefits set forth in the amended
Nonuniform 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).
The Township acknowledges that by passage and adoption of this
article, the Township officially accepts the contract and the financial
obligations resulting from the administration of the contract.
Payment for any obligation established by the adoption of this
article 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.
The Township intends this article 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.
A duly certified copy of this article and an executed contract
shall be filed with the System.
