[HISTORY: Adopted by the Borough Council of the Borough of
Lansford as indicated in article histories. Amendments noted where
applicable.]
[Adopted 12-21-2004 by Ord. No. 2004-08]
The previous ordinances or resolutions relating to the Borough
of Lansford Police Pension Plan with an effective date prior to adoption
date of the amendment and restatement of the plan are hereby repealed
with respect to benefits accruing on or after the amendment and restatement
effective date and the attached amendment and restatement of the plan
is enacted.
The previous ordinances and resolutions relating to the plan's
trust fund with an effective date prior to the adoption date of the
amendment and restatement of the trust are hereby repealed and the
attached amendment and restatement of the trust are hereby repealed
and the attached amendment and restatement of the trust is enacted.
The Borough Secretary is hereby appointed as the chief administrative
officer of the plan.
The Council President, as the agent of the employer, is authorized
and directed to execute the attached amendment and restatement of
the plan and the attached amendment and restatement of the trust.
The Council of the Borough of Lansford is hereby confirmed as
the trustee of the trust.
A one-time post-retirement adjustment shall be provided to the
eligible retired members of the Borough of Lansford Police Pension
Plan, the eligibility and amount of such adjustment to be as provided
in Act 64 2002, and that such adjustment shall be effective with the
first monthly pension benefit paid after June 30, 2002.
This ordinance shall be effective January 1, 2005.
