The nonuniformed employees pension plan is amended on this 9th
day of December, 2003, to be effective as of January 1, 2003. A copy
of the amended plan is to be attached to these minutes and to this
article.
The Borough Manager is designated as the Chief Administrative
Officer, the person who has the primary responsibility for the day-to-day
administration of the plan.
The Nonuniformed Employee's Pension Committee (as defined in
the plan) shall be composed of these persons:
A. Chief Administrative Officer and Borough Treasurer.
B. Nonuniformed employee representatives (1).
C. Members of Borough Council (1).
[Amended 7-8-2008 by Ord. No. 2008-07]
The actuarial firm shall be that company, business or firm designated
by the Borough Council to perform that function.
[Amended 7-8-2008 by Ord. No. 2008-07]
The firm selected to invest the funds shall be that company,
business or firm designated by the Borough Council to perform such
function.