The Pension Advisory Board is hereby charged with the responsibility
of overseeing the administration of pension funds for the Nonuniformed Employees
Pension Plan and the Uniformed Employees Pension Plan. To carry out its administrative
responsibilities, the functions of the Pension Advisory Board shall include
but not be limited to:
A. Review of pension applications.
B. Investment recommendations.
C. Hiring of investment managers.
D. Recommendations of any changes in the benefit structure.
E. Exchange of information regarding new legislation applicable
to pension plans.
F. Review of eligibility status of Township's uniformed
and nonuniformed employees.
G. Recommendations regarding policies and procedures relating
to any conflict of interest in a third-party transaction.
The Pension Advisory Board shall meet at such times as may be necessary
to perform its functions as stated above, at the discretion of the majority
of the members of the Pension Advisory Board, but, in any event, the Pension
Advisory Board shall meet at least annually.