§ 41-1Election to upgrade.
§ 41-3Credit for prior service.
§ 41-5System to provide benefits; Borough
§ 41-6Repeal of prior ordinance.
§ 41-7Copy to be filed; effective date.
Conway Borough, being a member municipality of the Pennsylvania Municipal Retirement System, hereby elects to change its member benefits in that system as authorized by the Pennsylvania Municipal Retirement Law, as amended,
Membership in the Pennsylvania Municipal Retirement System shall be mandatory for all permanent, municipal employees of the Borough. Membership for elected officials and employees hired on a temporary or seasonal basis is prohibited, as is membership for individuals paid only on a fee basis.
Credit for prior service for original members is granted for each year or partial year thereof that the member was employed by the Borough from original date of hire. Benefits provided to members in the agreement dated September 14, 1998, shall accrue based on all credited service granted and earned in accordance with this section.
Payment for any obligation established by the adoption of this chapter and the agreement between the system and Conway Borough shall be made by the Borough in accordance with the Pennsylvania Municipal Retirement Law and Act 205 of 1984, the Municipal Pension Plan Funding Standard and Recovery Act.
As part of this chapter, the Borough agrees that the system shall provide the benefits set forth in the agreement between the Board and Conway Borough, dated September 14, 1998. The passage and adoption of this chapter by Conway Borough is an official acceptance of said agreement and the financial obligations resulting from the administration of said benefit package. Conway Borough hereby assumes all liability for any unfundedness created or which may be created due to the acceptance of the benefit structure outlined in the above-referenced agreement.
Conway Borough intends this chapter to be the complete authorization of the Borough plan and, therefore, specifically repeals the previous agreement and Ordinance No. 447.
A duly certified copy of this chapter and the referenced agreement shall be filed with the Pennsylvania Municipal Retirement System of the Commonwealth of Pennsylvania. Membership for the municipal employees of Conway Borough in the Pennsylvania Municipal Retirement System shall be effective the first day of May 1977, with the revised plan structure reflected in the agreement dated September 14, 1998, effective the first day of July 1998.