[Adopted 12-19-2002 by Ord. No. 567]
Ordinance No. 165 establishing and regulating a Police Pension Fund in said Township, and Ordinance Nos. 199, 291, 322, 331, 335, 341, 399, 406, 422, 423, 456 and 543 amending said Ordinance No. 165, and as set forth in the Code of the Township of Upper Allen Chapter 55, Article II, entitled "Police Pension Fund," are repealed, and restated, effective as of January 1, 2001, as hereinafter set forth.
The Board of Commissioners of Upper Allen Township hereby does approve, adopt and establish the Upper Allen Township Police Pension Plan, as restated and amended, and as set forth fully in document named "Upper Allen Township Police Pension Plan," a copy of which is attached hereto and marked as Exhibit A.[1]
[1]
Editor's Note: The current plan is on file in the Township offices.
The Board of Commissioners of Upper Allen Township has established a Pension Committee which shall be responsible for the administration of the plan. The members of the Pension Committee shall be designated as such by the Board of Commissioners by resolution duly enacted from time to time. Capital Bank and Trust Company is the currently designated trustee of the plan, and the designation of the trustee shall be designated as such by the Board of Commissioners by resolution enacted from time to time. The Township Manager shall act as the chief administrative officer of the plan. The Pension Committee shall act as the administrative named fiduciary and investment named fiduciary for the purposes set forth as such in the plan's trust agreement with the trustee.
The President or Vice President and Secretary of the Board of Commissioners of Upper Allen Township be and they hereby are authorized and directed to execute the plan documents, including the trust agreement.
[Added 2-20-2003 by Ord. No. 569]
A. 
The special ad hoc post-retirement adjustment to retirees who began receiving benefits before January 1, 1996, is provided.
B. 
The eligibility and amount of such adjustment shall be in accordance with Act 64 of 2002, and that such adjustment shall be effective with the first monthly pension payment benefit paid after 30 June 2002.