[Adopted 11-6-2000 by Ord. No. HR-292[1]]
[1]
Editor's Note: This ordinance also repealed
former Art. II, Pennsylvania Municipal Retirement System, adopted
6-17-1996 by Ord. No. HR-250.
Tredyffrin Township, 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, Act 15 of 1974, as amended, and does hereby agree to be bound by all the requirements and provisions of said law, and to assume all obligations, financial and otherwise, placed upon member municipalities. All references hereafter shall be based on benefits negotiated between the Board and municipality under the provisions of Article IV of the Pennsylvania Municipal Retirement Law.[1]
[1]
Editor's Note: See 53 P.S. § 881.101
et seq.
Membership in the Pennsylvania Municipal Retirement
System shall be mandatory for all permanent, municipal employees of
the Township. 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.
[Amended 10-19-2020 by Ord. No. HR-438]
Credit for prior service for original members
is granted for each year or partial year thereof that the member was
employed by the Township from original date of hire or the expiration
of the member's probationary period if one so existed. Benefits provided
to members in the agreement dated September 1, 2020, shall accrue
based on all credited service granted and earned in accordance with
this section. The Pennsylvania Municipal Retirement System Defined
Benefit Plan Adoption Agreement 001, effective September 1, 2020,
is attached hereto as Appendix A[1] and is incorporated herein by reference.
[1]
Editor's Note: Said agreement is on file in the Township offices.
Payment for any obligation established by the
adoption of this article and the agreement between the system and
Tredyffrin Township shall be made by the Township in accordance with
the Pennsylvania Municipal Retirement Law and Act 205 of 1984, the
Municipal Pension Plan Funding Standard and Recovery Act.[1]
[1]
Editor's Note: See 53 P.S. § 881.101
et seq. and 53 P.S. § 895.101, respectively.
[Amended 10-19-2020 by Ord. No. HR-438]
As part of this article, the Township agrees
that the system shall provide the benefits set forth in the agreement
between the Board and Tredyffrin Township dated September 1, 2020.
The passage and adoption of this article by Tredyffrin Township is
an official acceptance of said agreement and the financial obligations
resulting from the administration of said benefit package. Tredyffrin
Township 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.
[Amended 10-19-2020 by Ord. No. HR-438]
Tredyffrin Township intends this article to
be the complete authorization of the Township plan and therefore specifically
repeals the previous agreements and Ordinance Nos. HR-292 and HR-250.
The Pennsylvania Municipal Retirement System Base Plan Document, BPD201707-F,
is attached hereto as Appendix B[1] and is incorporated herein by reference.
[1]
Editor's Note: Said document is on file in the Township offices.
[Amended 10-19-2020 by Ord. No. HR-438]
A duly certified copy of this article and the
referenced agreement shall be filed with the Pennsylvania Municipal
Retirement System of the Commonwealth of Pennsylvania. Membership
for the municipal employees of Tredyffrin Township in the Pennsylvania
Municipal Retirement System shall be effective the first day of January
1962, with the revised plan structure reflected in the agreement dated
September 1, 2020, effective the first day of September 2020.
