[Adopted 12-19-2002 by Ord. No. 568]
The Code of the Township of Upper Allen Chapter 55, Article III, entitled "Nonuniformed Employee Pension Fund and Plan," is repealed, and restated, with respect to benefits accruing on or after the hereafter effective date of the amendment and restatement of the plan effective as of 1 January 2001 as hereinafter set forth.
The Board of Commissioners of Upper Allen Township
hereby does approve, adopt and establish the Upper Allen Township
Nonuniformed Employee Pension Plan, as restated and amended, effective
as of 1 January 2001, and as set forth fully in the document named
"Upper Allen Township Employees 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. Capitol 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 duly 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.
