The following terms whenever used or referred to in this chapter shall have the following meaning, except in those instances where the context indicates otherwise:
ACTShall mean the Municipal Pension Plan Funding Standard and Recovery Act which was enacted as Act 205 of 1984.
ACTUARYShall mean an "Approved Actuary" as defined in the Act.
AUTHORIZED LEAVE OF ABSENCEMeans an unpaid, temporary cessation from active employment with the Township pursuant to an established nondiscriminatory policy, whether occasioned by illness, military service, or any other reason.
BENEFICIARYShall mean any person or legal entity designated by a Participant to receive death benefits under the Plan, subject to the restrictions of Article
V.
A. Means a calendar year during which an Employee fails to work at least 35 hours per week for six consecutive months. An Employee shall not incur a Break in Service for the plan year in which he becomes a Participant, dies, retires or suffers total and permanent disability. Further, solely for the purpose of determining whether a Participant has incurred a Break in Service, service shall be recognized for "authorized leaves of absence" and "maternity and paternity leaves of absence."
A "maternity or paternity leave of absence" shall mean an absence from work for a period determined by the Township by reason of the Employee's pregnancy, birth of the employee's child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following such birth or placement.
CHIEF ADMINISTRATIVE OFFICERShall mean the person, designated by the municipality, who has primary responsibility for the execution of the administrative affairs for the municipality.
CODEShall mean the Internal Revenue Code of 1986, as amended.
COMPENSATIONShall mean the total compensation paid to the Employee by the Township within the Plan Year which is reportable on his Internal Revenue Service W-2 form including base pay, longevity pay, court pay, holiday pay, overtime pay, and any other remuneration. Also included in "Compensation" is any amount contributed by an Employee to a 457 plan.
DEATH BENEFITMeans the benefit paid from the Pension Fund to a named Beneficiary, the amount and the commencement of the payments as outlined in §
58-24.
Means a physical or mental condition of a Participant resulting from bodily injury, disease, or mental disorder which renders the Participant incapable of performing any work for the Township for a period of 26 weeks. A physician chosen by the Township shall make such a determination.
EFFECTIVE DATEShall mean November 2, 1981, the original effective date of the Plan.
EMPLOYEEShall mean any active non-uniformed employee of Washington Township who is classified as a full-time employee by the Township, who is not a police officer, fire fighter, leased employee, or independent contractor, and who customarily works at least 35 hours per week for any six (or more) consecutive months in a calendar year.
EMPLOYERMeans Washington Township, Franklin County, Pennsylvania.
ENTRY DATEShall mean the first of the month next following completion of six months as an Employee.
FORFEITUREA. Means that portion of a Participant's Account that is not vested, and occurs on the earlier of:
(1) The distribution of the Participant's entire Vested Interest; or
The last day of the Plan Year in which the Participant incurs a Break in Service; provided that for purposes of this section a Participant will not incur a Break in Service prior to his termination of employment with the Township.
For purposes of this section, if a Participant terminates employment with the Township and has no Vested Interest, he shall be deemed to have received a distribution of his Vested Interest as of the earliest date that he could have received a distribution had his Vested Interest been $1.
HOUR OF SERVICEShall mean each hour for which an Employee is paid, or entitled to payment, for the performance of duties.
INSURER or INSURANCE COMPANYShall mean a legal reserve life insurance company, licensed in the Commonwealth of Pennsylvania, which shall issue a policy or contract under this Plan.
LIFE ANNUITYShall mean a series of payments under which payments, once begun, continue throughout the remaining lifetime of the annuitant.
MUNICIPALITYShall mean Washington Township, Franklin County, Pennsylvania.
NORMAL RETIREMENT AGEShall mean the age at which each Participant shall be entitled to his Normal Retirement Benefit, provided the Employee retires on or after the Employee's Normal Retirement Date.
NORMAL RETIREMENT DATEMeans the earlier of:
A. The first day of the month coincident with or next following the attainment of participant's 65th birthday; or
The first day of the month coincident with or next following the completion of 35 Years of Service if same occurs earlier than the attainment of participant's 65th birthday.
PARTICIPANTMeans any eligible employee who has become a member of the Plan by satisfying Article
III, and has not for any reason become ineligible to participate further in the Plan.
Shall mean the account established and maintained for each Participant with respect to his total interest in the Plan resulting from the Municipality's contributions and any earnings/losses thereon.
PLANShall mean the Washington Township (Franklin County) Non-Uniformed Employee's Plan & Trust.
PLAN ADMINISTRATOR or ADMINISTRATORShall mean the Retirement Plan Committee appointed by the Supervisors, or an Individual appointed by the Supervisors to administer the provisions of the Plan. In the event no such appointment is made, the Plan Administrator shall be the Supervisors.
PLAN YEARMeans the Plan's accounting year of 12 months commencing on January 1 of each year and ending the following December 31.
SUPERVISORSShall mean the Supervisors of Washington Township.
TERMINATION OF EMPLOYMENTShall mean discontinuance of active employment, for reasons other than death, Total and Permanent Disability, or Retirement.
TOWNSHIPShall mean Washington Township, Franklin County, Pennsylvania.
TRUST or TRUST FUNDShall mean the assets of the Plan held in Trust in accordance with any Trust established pursuant to this Plan.
TRUSTEEShall mean a person or corporate entity, if any, appointed by the Supervisors to hold and invest the contributions of the Plan in accordance with the terms of an Agreement of Trust. If no such person is appointed, "Trustee" shall mean the Board of Supervisors of Washington Township.
VALUATION DATEShall mean December 31 of each year and any other date chosen by the Plan Administrator.
VESTED INTERESTMeans the portion of a Participant's Account that is nonforfeitable.
YEAR OF SERVICEShall mean any Plan Year during which a Participant works at least 35 hours per week for six consecutive months.