[Adopted by the Board of Supervisors of the Township of Patton
as indicated in article histories. Amendments noted where applicable.]
[Adopted 7-21-2004 by Ord. No. 2004-432 (Ch. 31, Art. I,
of the 1996 Code)]
The Board of Supervisors (the "Supervisors")
of Patton Township, Centre County, Pennsylvania (the "Township"),
previously established the Patton Township Police Pension Plan (the
"plan"), and the Supervisors, in order to clarify the exact status
and terms and conditions of the plan and to continue its compliance
with the tax-exempt retirement plan requirements of Internal Revenue
Code of 1986 Section 401(a), desire to enact a restatement of the
plan in its entirety with appropriate amendments.
The provisions of Ordinance Nos. 90-256, 93-302, and 94-315, codified as Chapter 31, Article I, of the Code of Ordinances of the Township, establishing and revising the Patton Township Police Pension Plan, are hereby repealed.
This article adopts by reference the attached
restatement[1] of the Patton Township Police Pension Plan dated January
1, 2004, establishing and continuing a Police Pension Plan pursuant
to Act 600 of 1956, 53 P.S. § 761 et seq., and providing
for administration, eligibility for benefits, source and allocation
of plans, calculation of retirement benefits, return of participant
contributions, vesting terms of retirement benefits, disability retirement,
death benefit and other matters associated with the establishment
and continuation of the Police Pension Plan.
[1]
Editor's Note: A copy of the Police Pension
Plan, as restated and amended, is on file in the Township offices.
The effective date of this reenactment and restatement
shall be January 1, 2004.
The Chair of the Board of Supervisors is hereby
authorized to execute the plan document on behalf of the Township.
