Shall mean the Municipal Pension Plan Funding Standard and Recovery Act, act of December 18, 1984, P.L. 1005, no. 205, as amended, 53 P.S. § 895.101 et seq.
Shall mean the Police Pension Fund Act, act of May 29, 1956, P.L. (1955) 1804, no. 600, as amended, 53 P.S. 767 et seq.
Shall mean a person who has at least five years of actuarial experience with public pension plans and who is either enrolled as a member of the American Academy of Actuaries or enrolled as an actuary pursuant to the Federal Employee Retirement Income Security Act of 1974.
Shall mean the Chief Administrative Officer. The Plan Administrator may delegate authority to act on its behalf to any persons or entities it deems appropriate.
Shall mean the Board of Supervisors of Washington Township in whom rests the responsibility for appointing the Chief Administrative Officer and for deciding and approving any matter of finance that affects, or could affect, the Plan, its Members, or Beneficiaries. All powers relative to the operation and administration of the Plan shall specifically reside with Board of Supervisors unless delegated pursuant to this Plan document.
Shall mean the individual, designated by Board, who shall have the power and authority to perform all acts and to execute, acknowledge, and deliver all instruments necessary to implement and effectuate the purpose of the Plan. Where Board fails to designate a Chief Administrative Officer, the Chief Administrative Officer shall be the Manager of the Township.
Shall mean the Internal Revenue Code of 1986, as amended or replaced from time to time.
Shall mean a Police Pension Advisory Committee or "Committee" that shall be established. This Committee, if appointed by the Board, shall be advisory to the Board.
Shall mean the fund administered and established under the terms of the Plan, which fund shall include all money, property, investments, policies, and contracts standing in the name of the Plan.
Shall mean the current instrument, including all amendments hereto.
Shall mean the 12-month period beginning on January 1 and ending on December 31 of each year.
Shall mean a retirement annuity or a retirement income endowment policy (or a combination of both), or any other form of insurance contract or policy which shall be deemed appropriate in accordance with the provisions of the Act and P.L. 1804, as amended (53 P.S. § 767).
Shall mean Washington Township and any successor which shall maintain this Plan; and any predecessor which has maintained this Plan. The Township is situated in Franklin County in the Commonwealth of Pennsylvania.
Shall mean the legal agreement entered into between the Township and any fiduciary that shall provide specifically for all objectives, powers, and responsibilities concerning the management of the Fund's assets.