Douglass Township (the "Township"), having established a police pension plan administered by the Pennsylvania Municipal Retirement System (the "System"), hereby elects to amend its Police Pension Plan[1] 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.
[1]
Editor's Note: Said plan is on file in the Township offices.